£157,910
This estimated value is based upon the latest sale price for the house of £118,000 on 16 Sep 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £118,000 | 16 Sep 2016 |
| £119,950 | 18 Dec 2015 |
| £122,500 | 15 Feb 2013 |
| £116,000 | 24 Jun 2005 |
| £85,000 | 18 Dec 2003 |
| Freehold |
| Floor Area: 72 sq meters or 775 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 September 2016 the House Price Index for TYNE AND WEAR was 111.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.822%.Applying this 33.822% change to the original purchase price of £118,000 results in an estimated price of approximately £157,910.
| 16 Sep 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 149.7 | 33.822 % | £118,000 | £39,910 | £157,910 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -12.954 % | £-15,285 | £102,714 |
| 3 Month Average | 9.459 % | £11,161 | £129,161 |
| 6 Month Average | 7.530 % | £8,884 | £126,884 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £141,343 | £137,000 | 9 OLIVE GARDENS |
| 27 Oct 2023 | £136,654 | £133,550 | 7 OLIVE GARDENS |
| 20 Oct 2023 | £145,300 | £142,000 | 6 OLIVE GARDENS |
| 20 Oct 2023 | £145,300 | £142,000 | 4 OLIVE GARDENS |
| 28 Sep 2023 | £143,156 | £140,000 | 22 OLIVE GARDENS |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 10 Oct 2012. Using an estimated price of £157,910 means this house is valued at £2,193 per sq meter (£203 per sq foot).
The average size of a house on CYPRUS GARDENS is 70 sq meters (762 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Under investigation | On or near Beverley Road |
| Jul 2024 | Anti-social behaviour | On or near Evistones Road | |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Beverley Crescent |
| Jul 2024 | Anti-social behaviour | On or near Prefect Place |