£556,969
This estimated value is based upon the latest sale price for the house of £322,500 on 31 May 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £322,500 | 31 May 2011 |
| £295,000 | 1 Aug 2003 |
| £220,000 | 21 Dec 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 72 sq meters or 778 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 May 2011 the House Price Index for TYNE AND WEAR was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.704%.Applying this 72.704% change to the original purchase price of £322,500 results in an estimated price of approximately £556,969.
| 31 May 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.704 % | £322,500 | £234,469 | £556,969 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 35.998 % | £116,094 | £438,594 |
| 3 Month Average | 26.826 % | £86,515 | £409,015 |
| 6 Month Average | 9.729 % | £31,375 | £353,875 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £155,216 | £152,500 | FLAT 2 RUSSELL COURT, 3 ADDERSTONE CRESCENT |
| 1 Nov 2023 | £142,104 | £140,000 | FLAT 5 RUSSELL COURT, 3 ADDERSTONE CRESCENT |
| 27 Sep 2023 | £116,489 | £115,000 | FLAT 22 RUSSELL COURT, 3 ADDERSTONE CRESCENT |
| 7 Jul 2023 | £162,183 | £160,000 | FLAT 1 RUSSELL COURT, 3 ADDERSTONE CRESCENT |
| 28 Mar 2023 | £244,302 | £242,000 | 45 DULVERTON COURT ADDERSTONE CRESCENT |
This house has a floor area of 72 sq meters or 778 sq feet when measured on 6 Aug 2010. Using an estimated price of £556,970 means this house is valued at £7,703 per sq meter (£715 per sq foot).
The average size of a house on ADDERSTONE CRESCENT is 112 sq meters (1,210 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Jan 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Jan 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Jan 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Apr 2024 | Burglary | Under investigation | On or near Lindisfarne Close |