£171,054
This estimated value is based upon the latest sale price for the house of £157,000 on 26 Nov 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £157,000 | 26 Nov 2021 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 2021 the House Price Index for TYNE AND WEAR was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £157,000 results in an estimated price of approximately £171,054.
| 26 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £157,000 | £14,054 | £171,054 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | 19.836 % | £31,143 | £188,143 |
| 3 Month Average | 16.398 % | £25,745 | £182,745 |
| 6 Month Average | 22.018 % | £34,567 | £191,567 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £375,000 | £375,000 | 2 SWALEDALE GARDENS |
| 3 Apr 2023 | £270,561 | £265,500 | 40 TEESDALE GARDENS |
| 10 Mar 2023 | £147,463 | £145,000 | 136 HOLYSTONE CRESCENT |
| 27 Jan 2023 | £195,522 | £195,000 | 38 SWALEDALE GARDENS |
| 15 Aug 2022 | £326,527 | £325,000 | 12 SWALEDALE GARDENS |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 29 Jul 2021. Using an estimated price of £171,055 means this house is valued at £2,311 per sq meter (£214 per sq foot).
The average size of a house on CRAGSIDE is 96 sq meters (1,040 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Public order | Under investigation | On or near Lynmouth Place |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Lynmouth Place |
| Jul 2024 | Vehicle crime | Under investigation | On or near Harlow Place |
| Jun 2024 | Other crime | Under investigation | On or near Harlow Place |
| May 2024 | Public order | Investigation complete; no suspect identified | On or near Harlow Place |