£476,711
This estimated value is based upon the latest sale price for the house of £274,000 on 26 May 2011. 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 Cleveland Road
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| Price Paid | Date |
|---|---|
| £274,000 | 26 May 2011 |
| £243,500 | 11 Mar 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 129 sq meters or 1,395 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 May 2011 the House Price Index for TYNE AND WEAR was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.982%.Applying this 73.982% change to the original purchase price of £274,000 results in an estimated price of approximately £476,711.
| 26 May 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 149.7 | 73.982 % | £274,000 | £202,711 | £476,711 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -6.086 % | £-16,674 | £257,325 |
| 3 Month Average | 46.951 % | £128,645 | £402,645 |
| 6 Month Average | 46.615 % | £127,725 | £401,725 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Apr 2024 | £100,876 | £100,000 | 8 GROSVENOR MEWS GROSVENOR PLACE |
| 6 Oct 2023 | £255,810 | £250,000 | 3 GROSVENOR PLACE |
| 26 Jun 2023 | £313,278 | £307,000 | 3 CAMPVILLE |
| 31 Mar 2023 | £184,074 | £181,000 | 38 CLEVELAND ROAD |
| 21 Mar 2023 | £121,987 | £119,950 | 7 GROSVENOR MEWS GROSVENOR PLACE |
This house has a floor area of 129 sq meters or 1,395 sq feet when measured on 8 Jul 2010. Using an estimated price of £476,711 means this house is valued at £3,677 per sq meter (£341 per sq foot).
The average size of a house on CLEVELAND ROAD is 152 sq meters (1,636 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Under investigation | On or near Cleveland Road |
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Cleveland Road |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cleveland Terrace |
| May 2024 | Violence and sexual offences | Under investigation | On or near Alma Place |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Queen Alexandra Road |