£258,825
This estimated value is based upon the latest sale price for the house of £45,550 on 15 Dec 1995. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£45,550 | 15 Dec 1995 |
Terraced |
Freehold |
Floor Area: 53 sq meters or 570 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in December 1995 the House Price Index for TYNE AND WEAR was 26.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 468.223%.Applying this 468.223% change to the original purchase price of £45,550 results in an estimated price of approximately £258,825.
15 Dec 1995 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.2 | 148.6 | 468.223 % | £45,550 | £213,275 | £258,825 |
The Postcode Pricing Model uses changes in average sales price within the SR4 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
Change % | Change £ | Estimated Price | |
1 Month Average | 299.696 % | £136,511 | £182,061 |
3 Month Average | 214.094 % | £97,519 | £143,069 |
6 Month Average | 195.422 % | £89,014 | £134,564 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Aug 2023 | £58,512 | £58,000 | 13 EAST MOOR ROAD |
27 Jul 2023 | £187,524 | £185,000 | 19 PALLION PARK |
7 Jul 2023 | £99,337 | £98,000 | 8 PALLION PARK |
23 Aug 2022 | £42,984 | £43,100 | 16 NEVILLE ROAD |
21 Jul 2022 | £65,175 | £65,000 | 14 GARNET STREET |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 3 Sep 2014. Using an estimated price of £258,826 means this house is valued at £4,883 per sq meter (£453 per sq foot).
The average size of a house on PALLION PARK is 75 sq meters (816 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Pallion Park |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Pallion Park |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Pallion Park |
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Forge Lynn Close |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Forge Lynn Close |