£61,763
This estimated value is based upon the latest sale price for the house of £35,500 on 17 May 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £35,500 | 17 May 2011 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 May 2011 the House Price Index for TYNE AND WEAR was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.982%.Applying this 73.982% change to the original purchase price of £35,500 results in an estimated price of approximately £61,763.
| 17 May 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 149.7 | 73.982 % | £35,500 | £26,263 | £61,763 |
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 | 32.493 % | £11,535 | £47,035 |
| 3 Month Average | 36.733 % | £13,040 | £48,540 |
| 6 Month Average | 35.431 % | £12,578 | £48,078 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Sep 2024 | £46,000 | £46,000 | 9 ST JUST PLACE |
| 8 Mar 2024 | £121,872 | £120,000 | 21 RAWLSTON WAY |
| 14 Dec 2023 | £193,186 | £187,250 | 4 ST IVES WAY |
| 8 Dec 2023 | £83,052 | £80,500 | 11 CRAIGMILLAR AVENUE |
| 24 Nov 2023 | £55,406 | £54,000 | 3 ST JUST PLACE |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 30 Jul 2016. Using an estimated price of £61,764 means this house is valued at £1,143 per sq meter (£106 per sq foot).
The average size of a house on CRAGSTON AVENUE is 83 sq meters (900 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Colebridge Close |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Rawlston Way |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Rawlston Way |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near West Farm Mews |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near West Farm Mews |