£147,561
This estimated value is based upon the latest sale price for the house of £41,500 on 28 Feb 2001. 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 Craneswater Avenue
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| Price Paid | Date |
|---|---|
| £41,500 | 28 Feb 2001 |
| £30,000 | 31 Jul 1997 |
| Flats/Maisonettes |
| Leasehold |
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 February 2001 the House Price Index for TYNE AND WEAR was 42.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 255.570%.Applying this 255.570% change to the original purchase price of £41,500 results in an estimated price of approximately £147,561.
| 28 Feb 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 42.1 | 149.7 | 255.570 % | £41,500 | £106,061 | £147,561 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 270.667 % | £112,326 | £153,826 |
| 3 Month Average | 284.692 % | £118,146 | £159,646 |
| 6 Month Average | 295.403 % | £122,592 | £164,092 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £156,819 | £152,000 | 6 GORSEDENE AVENUE |
| 30 Jun 2023 | £723,499 | £709,000 | 2 WESTLEY AVENUE |
| 17 Feb 2023 | £402,690 | £400,000 | 31 WESTLEY AVENUE |
| 18 Nov 2022 | £310,548 | £312,000 | 16 WESTLEY AVENUE |
| 1 Jun 2022 | £369,907 | £362,000 | 37 WESTLEY AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Craneswater Avenue | |
| Jun 2024 | Anti-social behaviour | On or near Craneswater Avenue | |
| May 2024 | Burglary | Investigation complete; no suspect identified | On or near Craneswater Avenue |
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Gerrard Road |
| Apr 2024 | Shoplifting | Under investigation | On or near Gerrard Road |