£966,898
This estimated value is based upon the latest sale price for the house of £720,000 on 6 May 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £720,000 | 6 May 2016 |
| £860,000 | 21 Jan 2011 |
| Detached |
| Freehold |
| Floor Area: 179 sq meters or 1,926 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 May 2016 the House Price Index for TYNE AND WEAR was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £720,000 results in an estimated price of approximately £966,898.
| 6 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 148.6 | 34.292 % | £720,000 | £246,898 | £966,898 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | -9.800 % | £-70,560 | £649,439 |
| 3 Month Average | 7.464 % | £53,737 | £773,737 |
| 6 Month Average | -1.611 % | £-11,599 | £708,400 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £155,216 | £152,500 | FLAT 2 RUSSELL COURT, 3 ADDERSTONE CRESCENT |
| 1 Nov 2023 | £142,104 | £140,000 | FLAT 5 RUSSELL COURT, 3 ADDERSTONE CRESCENT |
| 27 Sep 2023 | £116,489 | £115,000 | FLAT 22 RUSSELL COURT, 3 ADDERSTONE CRESCENT |
| 7 Jul 2023 | £162,183 | £160,000 | FLAT 1 RUSSELL COURT, 3 ADDERSTONE CRESCENT |
| 26 Aug 2022 | £1,944,765 | £1,950,000 | 2 ADDERSTONE CRESCENT |
This house has a floor area of 179 sq meters or 1,926 sq feet when measured on 2 Aug 2010. Using an estimated price of £966,899 means this house is valued at £5,401 per sq meter (£501 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Jan 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Jan 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Jan 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Bemersyde Drive |