£280,992
This estimated value is based upon the latest sale price for the house of £49,500 on 16 Jun 1995. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£49,500 | 16 Jun 1995 |
Semi-Detached |
Freehold |
Floor Area: 78 sq meters or 840 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 1995 the House Price Index for TYNE AND WEAR was 26.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 467.662%.Applying this 467.662% change to the original purchase price of £49,500 results in an estimated price of approximately £280,992.
16 Jun 1995 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.4 | 149.7 | 467.662 % | £49,500 | £231,492 | £280,992 |
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 | 339.861 % | £168,231 | £217,731 |
3 Month Average | 279.283 % | £138,244 | £187,744 |
6 Month Average | 241.582 % | £119,583 | £169,083 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 May 2024 | £163,000 | £163,000 | 2 CRESSWELL ROAD |
22 Dec 2023 | £182,611 | £177,000 | 28 LYNN ROAD |
3 Feb 2023 | £167,851 | £166,730 | 40 CRESSWELL ROAD |
27 Jan 2022 | £87,466 | £82,500 | 237 HIGH STREET WEST |
8 Dec 2021 | £124,120 | £115,000 | 2A LYNN ROAD |
This house has a floor area of 78 sq meters or 840 sq feet when measured on 10 Sep 2010. Using an estimated price of £280,993 means this house is valued at £3,598 per sq meter (£334 per sq foot).
The average size of a house on CRESSWELL ROAD is 87 sq meters (940 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Criminal damage and arson | Under investigation | On or near Grasmere Road |
Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Meadowfield Gardens |
Jun 2024 | Anti-social behaviour | On or near Meadowfield Gardens | |
Jun 2024 | Anti-social behaviour | On or near Meadowfield Gardens | |
Jun 2024 | Anti-social behaviour | On or near Meadowfield Gardens |