£115,236
This estimated value is based upon the latest sale price for the house of £71,250 on 8 Mar 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £71,250 | 8 Mar 2007 |
| £51,786 | 23 Sep 2005 |
| £18,000 | 7 Jun 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 2007 the House Price Index for TYNE AND WEAR was 91.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 61.735%.Applying this 61.735% change to the original purchase price of £71,250 results in an estimated price of approximately £115,236.
| 8 Mar 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.9 | 148.6 | 61.735 % | £71,250 | £43,986 | £115,236 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 13.883 % | £9,891 | £81,141 |
| 3 Month Average | 9.387 % | £6,687 | £77,937 |
| 6 Month Average | 18.539 % | £13,208 | £84,458 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £117,000 | £117,000 | 35 HEATHFIELD CRESCENT |
| 14 Sep 2023 | £114,970 | £113,500 | 250 PONTELAND ROAD |
| 12 Jun 2023 | £96,165 | £95,000 | 9 PENSHAW GREEN |
| 20 Apr 2023 | £44,479 | £44,000 | 15 HEATHFIELD CRESCENT |
| 3 Apr 2023 | £52,566 | £52,000 | 14 MURRAYFIELD ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 26 Nov 2014. Using an estimated price of £115,236 means this house is valued at £1,225 per sq meter (£113 per sq foot).
The average size of a house on HEATHFIELD CRESCENT is 75 sq meters (811 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Heathfield Crescent | |
| Feb 2024 | Anti-social behaviour | On or near Heathfield Crescent | |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Heathfield Crescent |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Heathfield Crescent |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Eastern Way |