£435,469
This estimated value is based upon the latest sale price for the house of £347,500 on 29 Jun 2018. 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 Craneswater Avenue
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| Price Paid | Date |
|---|---|
| £347,500 | 29 Jun 2018 |
| £90,000 | 2 Nov 2001 |
| Terraced |
| Freehold |
| Floor Area: 158 sq meters or 1,700 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 June 2018 the House Price Index for TYNE AND WEAR was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £347,500 results in an estimated price of approximately £435,469.
| 29 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £347,500 | £87,969 | £435,469 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 7.309 % | £25,399 | £372,899 |
| 3 Month Average | 37.658 % | £130,861 | £478,361 |
| 6 Month Average | 43.144 % | £149,927 | £497,427 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £723,499 | £709,000 | 2 WESTLEY AVENUE |
| 17 Feb 2023 | £402,690 | £400,000 | 31 WESTLEY AVENUE |
| 17 Aug 2022 | £452,114 | £450,000 | 42 GORSEDENE ROAD |
| 1 Jun 2022 | £369,907 | £362,000 | 37 WESTLEY AVENUE |
| 2 Nov 2021 | £332,848 | £305,500 | 27 CRANESWATER AVENUE |
This house has a floor area of 158 sq meters or 1,700 sq feet when measured on 6 Mar 2018. Using an estimated price of £435,470 means this house is valued at £2,756 per sq meter (£256 per sq foot).
The average size of a house on WESTLEY AVENUE is 122 sq meters (1,316 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Craneswater Avenue | |
| Jun 2024 | Anti-social behaviour | On or near Craneswater Avenue | |
| May 2024 | Burglary | Investigation complete; no suspect identified | On or near Craneswater Avenue |
| May 2024 | Public order | Investigation complete; no suspect identified | On or near Brierdene Close |