£356,850
This estimated value is based upon the latest sale price for the house of £214,000 on 20 Oct 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £214,000 | 20 Oct 2006 |
| £69,950 | 23 Apr 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 October 2006 the House Price Index for TYNE AND WEAR was 88.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 66.753%.Applying this 66.753% change to the original purchase price of £214,000 results in an estimated price of approximately £356,850.
| 20 Oct 2006 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.0 | 146.7 | 66.753 % | £214,000 | £142,850 | £356,850 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 16.120 % | £34,497 | £248,497 |
| 3 Month Average | 12.066 % | £25,820 | £239,820 |
| 6 Month Average | 24.400 % | £52,216 | £266,216 |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 18 May 2015.
The average size of a house on CRANBROOK AVENUE is 114 sq meters (1,230 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Princes Avenue |
| Mar 2024 | Other crime | Under investigation | On or near Princes Avenue |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Princes Avenue |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Princes Avenue |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Princes Avenue |