£117,843
This estimated value is based upon the latest sale price for the house of £84,000 on 17 Nov 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£84,000 | 17 Nov 2015 |
£63,050 | 4 Sep 2006 |
Semi-Detached |
Freehold |
Floor Area: 68 sq meters or 731 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 November 2015 the House Price Index for TYNE AND WEAR was 106.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 40.289%.Applying this 40.289% change to the original purchase price of £84,000 results in an estimated price of approximately £117,843.
17 Nov 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
106.7 | 149.7 | 40.289 % | £84,000 | £33,843 | £117,843 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 76.368 % | £64,149 | £148,149 |
3 Month Average | 25.862 % | £21,723 | £105,723 |
6 Month Average | 12.070 % | £10,139 | £94,139 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Apr 2024 | £105,920 | £105,000 | 59 MAIN CRESCENT |
28 Mar 2024 | £116,794 | £115,000 | 8 STRAWBERRY GARDENS |
22 Mar 2024 | £116,794 | £115,000 | 39 MAIN CRESCENT |
19 Dec 2023 | £149,597 | £145,000 | 47 ELMFIELD GARDENS |
15 Dec 2023 | £131,542 | £127,500 | 495 STATION ROAD NORTH |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 11 Mar 2015. Using an estimated price of £117,843 means this house is valued at £1,732 per sq meter (£160 per sq foot).
The average size of a house on CROSS AVENUE is 83 sq meters (894 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Cross Avenue |
Jun 2024 | Anti-social behaviour | On or near Cross Avenue | |
Jun 2024 | Anti-social behaviour | On or near Cross Avenue | |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Bigges Gardens |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Bigges Gardens |