£411,674
This estimated value is based upon the latest sale price for the house of £275,000 on 12 Jan 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 |
---|---|
£275,000 | 12 Jan 2015 |
£109,950 | 29 Jun 2001 |
Terraced |
Freehold |
Floor Area: 148 sq meters or 1,593 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 2015 the House Price Index for TYNE AND WEAR was 100.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 49.700%.Applying this 49.700% change to the original purchase price of £275,000 results in an estimated price of approximately £411,674.
12 Jan 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
100.0 | 149.7 | 49.700 % | £275,000 | £136,674 | £411,674 |
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 | -0.121 % | £-331 | £274,668 |
3 Month Average | 3.433 % | £9,441 | £284,441 |
6 Month Average | -0.855 % | £-2,351 | £272,648 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £412,681 | £400,000 | 2 DRYDEN ROAD |
14 Nov 2023 | £443,252 | £432,000 | 58 KELLS LANE |
11 Apr 2023 | £438,196 | £430,000 | 70 KELLS LANE |
1 Mar 2023 | £325,435 | £320,000 | 17 RAVENSDALE CRESCENT |
30 Jan 2023 | £315,844 | £315,000 | 20 DRYDEN ROAD |
This house has a floor area of 148 sq meters or 1,593 sq feet when measured on 2 Sep 2014. Using an estimated price of £411,675 means this house is valued at £2,781 per sq meter (£258 per sq foot).
The average size of a house on RAVENSDALE CRESCENT is 135 sq meters (1,462 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Harcourt Street |
May 2024 | Violence and sexual offences | Under investigation | On or near Stratford Gardens |
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Stratford Gardens |
Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Stratford Gardens |
Jun 2024 | Public order | Investigation complete; no suspect identified | On or near Kellfield Road |