£391,189
This estimated value is based upon the latest sale price for the house of £377,500 on 28 Mar 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £377,500 | 28 Mar 2022 |
| £370,000 | 31 May 2016 |
| £300,000 | 27 Oct 2010 |
| £269,500 | 21 Dec 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 112 sq meters or 1,205 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 March 2022 the House Price Index for TYNE AND WEAR was 143.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 3.626%.Applying this 3.626% change to the original purchase price of £377,500 results in an estimated price of approximately £391,189.
| 28 Mar 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 148.6 | 3.626 % | £377,500 | £13,689 | £391,189 |
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 | 32.403 % | £122,320 | £499,820 |
| 3 Month Average | 35.867 % | £135,399 | £512,899 |
| 6 Month Average | 2.414 % | £9,114 | £386,614 |
| 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 112 sq meters or 1,205 sq feet when measured on 23 Jun 2015. Using an estimated price of £391,189 means this house is valued at £3,492 per sq meter (£324 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 |