£297,044
This estimated value is based upon the latest sale price for the house of £175,000 on 16 Apr 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £175,000 | 16 Apr 2010 |
| Detached |
| Freehold |
| Floor Area: 84 sq meters or 907 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 April 2010 the House Price Index for TYNE AND WEAR was 87.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.740%.Applying this 69.740% change to the original purchase price of £175,000 results in an estimated price of approximately £297,044.
| 16 Apr 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 148.6 | 69.740 % | £175,000 | £122,044 | £297,044 |
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 | -12.312 % | £-21,546 | £153,453 |
| 3 Month Average | 22.470 % | £39,322 | £214,322 |
| 6 Month Average | 24.977 % | £43,710 | £218,710 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £290,805 | £286,500 | 15 LINDEN WAY |
| 29 Sep 2023 | £415,310 | £410,000 | HIGHFIELD ROCKCLIFFE WAY |
| 20 Sep 2023 | £126,619 | £125,000 | 15 SOUTHLANDS |
| 8 Sep 2023 | £293,756 | £290,000 | 21 THE CEDARS |
| 11 Jul 2023 | £192,592 | £190,000 | 14 HAZELWOOD CLOSE |
This house has a floor area of 84 sq meters or 907 sq feet when measured on 13 Apr 2010. Using an estimated price of £297,044 means this house is valued at £3,523 per sq meter (£327 per sq foot).
The average size of a house on THE CEDARS is 122 sq meters (1,323 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Tanfield Place | |
| Apr 2024 | Other crime | Under investigation | On or near Tanfield Place |
| Apr 2024 | Public order | Under investigation | On or near Larch Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Larch Close |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Larch Close |