£319,866
This estimated value is based upon the latest sale price for the house of £249,995 on 18 Aug 2017. 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 |
|---|---|
| £249,995 | 18 Aug 2017 |
| £129,585 | 28 Mar 2002 |
| Terraced |
| Freehold |
| Floor Area: 221 sq meters or 2,378 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 August 2017 the House Price Index for TYNE AND WEAR was 117.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.949%.Applying this 27.949% change to the original purchase price of £249,995 results in an estimated price of approximately £319,866.
| 18 Aug 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 149.7 | 27.949 % | £249,995 | £69,871 | £319,866 |
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 | -22.725 % | £-56,812 | £193,182 |
| 3 Month Average | 7.662 % | £19,155 | £269,150 |
| 6 Month Average | 23.950 % | £59,872 | £309,867 |
| 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 221 sq meters or 2,378 sq feet when measured on 3 Aug 2016. Using an estimated price of £319,866 means this house is valued at £1,447 per sq meter (£134 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 |