£143,646
This estimated value is based upon the latest sale price for the house of £140,000 on 1 Nov 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £140,000 | 1 Nov 2023 |
| £120,000 | 12 Dec 2019 |
| £125,000 | 26 Feb 2010 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 November 2023 the House Price Index for TYNE AND WEAR was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £140,000 results in an estimated price of approximately £143,646.
| 1 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £140,000 | £3,646 | £143,646 |
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 | 64.298 % | £90,017 | £230,017 |
| 3 Month Average | 27.067 % | £37,894 | £177,894 |
| 6 Month Average | 5.318 % | £7,445 | £147,445 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £157,335 | £152,500 | FLAT 2 RUSSELL COURT, 3 ADDERSTONE CRESCENT |
| 1 Nov 2023 | £143,646 | £140,000 | FLAT 5 RUSSELL COURT, 3 ADDERSTONE CRESCENT |
| 27 Sep 2023 | £117,592 | £115,000 | FLAT 22 RUSSELL COURT, 3 ADDERSTONE CRESCENT |
| 3 Feb 2023 | £437,925 | £435,000 | FLAT 7 RANNOCH HOUSE, 10 LINDISFARNE ROAD |
| 26 Aug 2022 | £1,959,161 | £1,950,000 | 2 ADDERSTONE CRESCENT |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 2 Apr 2019. Using an estimated price of £143,646 means this house is valued at £2,762 per sq meter (£256 per sq foot).
The average size of a house on ADDERSTONE CRESCENT is 112 sq meters (1,210 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lindisfarne Road |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Adderstone Crescent |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Lindisfarne Close |