£397,416
This estimated value is based upon the latest sale price for the house of £230,500 on 15 Dec 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£230,500 | 15 Dec 2010 |
£249,950 | 13 Oct 2006 |
£134,950 | 13 May 2002 |
£62,000 | 6 Dec 1996 |
Terraced |
Freehold |
Floor Area: 137 sq meters or 1,485 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 December 2010 the House Price Index for TYNE AND WEAR was 86.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.415%.Applying this 72.415% change to the original purchase price of £230,500 results in an estimated price of approximately £397,416.
15 Dec 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.8 | 149.7 | 72.415 % | £230,500 | £166,916 | £397,416 |
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 | -7.151 % | £-16,482 | £214,017 |
3 Month Average | 30.952 % | £71,344 | £301,844 |
6 Month Average | 37.369 % | £86,135 | £316,635 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
9 Oct 2023 | £92,092 | £90,000 | 58 CLEVELAND AVENUE |
22 Sep 2023 | £100,209 | £98,000 | 72C CLEVELAND ROAD |
25 Aug 2023 | £442,990 | £435,000 | 64 CLEVELAND ROAD |
11 Aug 2023 | £132,388 | £130,000 | 13 CROMWELL TERRACE |
17 Mar 2023 | £139,327 | £137,000 | 22 CLEVELAND AVENUE |
This house has a floor area of 137 sq meters or 1,485 sq feet when measured on 20 Jul 2009. Using an estimated price of £397,417 means this house is valued at £2,880 per sq meter (£267 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 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cleveland Terrace |
Jul 2024 | Other theft | Under investigation | On or near Cleveland Road |
Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Cleveland Road |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Milton Terrace |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Queen Alexandra Road |