£134,637
This estimated value is based upon the latest sale price for the house of £135,000 on 4 Aug 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Cross Villa Place No 4
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| Price Paid | Date |
|---|---|
| £135,000 | 4 Aug 2022 |
| £99,000 | 13 Dec 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 37 sq meters or 398 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 August 2022 the House Price Index for TYNE AND WEAR was 149.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.268%.Applying this -0.268% change to the original purchase price of £135,000 results in an estimated price of approximately £134,637.
| 4 Aug 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 148.6 | -0.268 % | £135,000 | £-362 | £134,637 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 90.447 % | £122,103 | £257,103 |
| 3 Month Average | 6.715 % | £9,065 | £144,065 |
| 6 Month Average | 13.746 % | £18,556 | £153,556 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £729,325 | £720,000 | 2 GREENFIELD PLACE |
| 13 Jun 2023 | £278,372 | £275,000 | 2 SUMMERHILL GROVE |
| 20 Sep 2022 | £364,060 | £367,000 | FRANCIS HOUSE, 202 WESTGATE ROAD |
| 20 Sep 2022 | £263,869 | £266,000 | 217 - 219 WESTGATE ROAD |
| 5 Aug 2022 | £548,524 | £550,000 | 7 SUMMERHILL GROVE |
This house has a floor area of 37 sq meters or 398 sq feet when measured on 1 Jun 2018. Using an estimated price of £134,638 means this house is valued at £3,638 per sq meter (£338 per sq foot).
The average size of a house on WESTGATE ROAD is 93 sq meters (1,006 sq feet).
This house is the smallest in the street with a floor area of 37 sq meters (398 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Under investigation | On or near Cross Villa Place No 4 |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Cross Villa Place No 3 |