£65,222
This estimated value is based upon the latest sale price for the house of £65,000 on 11 Dec 2023. 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 Mill Crescent
More crime details
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| Price Paid | Date |
|---|---|
| £65,000 | 11 Dec 2023 |
| £57,000 | 16 Dec 2005 |
| £21,000 | 27 Nov 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 32 sq meters or 347 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 December 2023 the House Price Index for TYNE AND WEAR was 146.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 0.342%.Applying this 0.342% change to the original purchase price of £65,000 results in an estimated price of approximately £65,222.
| 11 Dec 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.2 | 146.7 | 0.342 % | £65,000 | £222 | £65,222 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | -26.852 % | £-17,454 | £47,545 |
| 3 Month Average | -1.440 % | £-936 | £64,063 |
| 6 Month Average | -9.551 % | £-6,208 | £58,791 |
This house has a floor area of 32 sq meters or 347 sq feet when measured on 8 May 2009.
The average size of a house on BURN TERRACE is 40 sq meters (439 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Mill Crescent |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Regent Drive |
| Jan 2024 | Drugs | Offender given a caution | On or near Regent Drive |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodgate Lane |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Hartforth Crescent |