£124,721
This estimated value is based upon the latest sale price for the house of £101,000 on 3 Sep 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£101,000 | 3 Sep 2018 |
£105,000 | 20 May 2011 |
£38,950 | 6 Jul 2001 |
Flats/Maisonettes |
Leasehold |
Floor Area: 31 sq meters or 333 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 September 2018 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.487%.Applying this 23.487% change to the original purchase price of £101,000 results in an estimated price of approximately £124,721.
3 Sep 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.6 | 23.487 % | £101,000 | £23,721 | £124,721 |
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 | 34.733 % | £35,080 | £136,080 |
3 Month Average | 25.457 % | £25,712 | £126,712 |
6 Month Average | 25.292 % | £25,544 | £126,544 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Aug 2023 | £131,147 | £130,000 | 13 CROMWELL TERRACE |
17 Mar 2023 | £138,303 | £137,000 | 22 CLEVELAND AVENUE |
20 Jan 2023 | £159,250 | £160,000 | 41 CLEVELAND AVENUE |
26 Aug 2022 | £155,581 | £156,000 | 32 CLEVELAND AVENUE |
1 Jul 2022 | £155,418 | £155,000 | 15 MILTON TERRACE |
This house has a floor area of 31 sq meters or 333 sq feet when measured on 15 Oct 2021. Using an estimated price of £124,721 means this house is valued at £4,023 per sq meter (£373 per sq foot).
The average size of a house on CLEVELAND AVENUE is 74 sq meters (806 sq feet).
This house is the smallest in the street with a floor area of 31 sq meters (333 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cleveland Avenue |
Mar 2024 | Anti-social behaviour | On or near Cleveland Avenue | |
Mar 2024 | Anti-social behaviour | On or near Cleveland Avenue | |
Feb 2024 | Anti-social behaviour | On or near Cleveland Avenue | |
Feb 2024 | Anti-social behaviour | On or near Cleveland Avenue |