£140,556
This estimated value is based upon the latest sale price for the house of £85,000 on 23 Aug 2013. 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 Lindisfarne Close
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| Price Paid | Date |
|---|---|
| £85,000 | 23 Aug 2013 |
| £50,000 | 3 Dec 1999 |
| £40,000 | 10 May 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 37 sq meters or 406 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 2013 the House Price Index for TYNE AND WEAR was 89.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 65.360%.Applying this 65.360% change to the original purchase price of £85,000 results in an estimated price of approximately £140,556.
| 23 Aug 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.9 | 148.6 | 65.360 % | £85,000 | £55,556 | £140,556 |
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 | 59.639 % | £50,693 | £135,693 |
| 3 Month Average | 44.696 % | £37,991 | £122,991 |
| 6 Month Average | 23.647 % | £20,099 | £105,099 |
| 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 |
| 3 Feb 2023 | £434,707 | £435,000 | FLAT 7 RANNOCH HOUSE, 10 LINDISFARNE ROAD |
This house has a floor area of 37 sq meters or 406 sq feet when measured on 5 Jul 2010. Using an estimated price of £140,556 means this house is valued at £3,718 per sq meter (£345 per sq foot).
The average size of a house on ADDERSTONE CRESCENT is 112 sq meters (1,210 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Burglary | Under investigation | On or near Lindisfarne Close |
| Jan 2024 | Anti-social behaviour | On or near Sports/Recreation Area |