£85,772
This estimated value is based upon the latest sale price for the house of £62,500 on 7 Jan 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 |
|---|---|
| £62,500 | 7 Jan 2016 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 January 2016 the House Price Index for TYNE AND WEAR was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £62,500 results in an estimated price of approximately £85,772.
| 7 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £62,500 | £23,272 | £85,772 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -25.604 % | £-16,002 | £46,497 |
| 3 Month Average | -1.009 % | £-630 | £61,869 |
| 6 Month Average | 22.022 % | £13,763 | £76,263 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Aug 2023 | £58,512 | £58,000 | 19 CORSENSIDE |
| 4 Aug 2023 | £82,724 | £82,000 | 1 CROSSLAW |
| 2 Aug 2023 | £112,988 | £112,000 | 6 CORSENSIDE |
| 11 Jul 2023 | £192,592 | £190,000 | 34 DUNBLANE CRESCENT |
| 22 Feb 2023 | £239,839 | £240,000 | 1 KIRKBURN DRIVE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 4 Nov 2015. Using an estimated price of £85,772 means this house is valued at £985 per sq meter (£91 per sq foot).
The average size of a house on CROSSLAW is 94 sq meters (1,020 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Crosslaw |
| Mar 2024 | Public order | Offender given a caution | On or near Crosslaw |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Crosslaw |
| Jan 2024 | Other crime | Under investigation | On or near Crosslaw |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Crosslaw |