£86,355
This estimated value is based upon the latest sale price for the house of £58,000 on 9 Feb 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £58,000 | 9 Feb 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 February 2015 the House Price Index for TYNE AND WEAR was 100.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 48.888%.Applying this 48.888% change to the original purchase price of £58,000 results in an estimated price of approximately £86,355.
| 9 Feb 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.5 | 149.7 | 48.888 % | £58,000 | £28,355 | £86,355 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 60.727 % | £35,221 | £93,221 |
| 3 Month Average | 24.689 % | £14,319 | £72,319 |
| 6 Month Average | 24.875 % | £14,427 | £72,427 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Apr 2024 | £72,631 | £72,000 | 51 CENTENARY AVENUE |
| 28 Mar 2024 | £132,028 | £130,000 | 12 PALM AVENUE |
| 21 Dec 2023 | £149,597 | £145,000 | 136 PRINCE EDWARD ROAD |
| 15 Dec 2023 | £139,280 | £135,000 | 8 CROSS WAY |
| 10 Nov 2023 | £123,125 | £120,000 | 46 PALM AVENUE |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 16 Jul 2013. Using an estimated price of £86,355 means this house is valued at £777 per sq meter (£72 per sq foot).
The average size of a house on CROSS WAY is 86 sq meters (933 sq feet).
This house is the largest in the street with a floor area of 111 sq meters (1,194 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Crossway |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Crossway |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Crossway |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Crossway |
| Aug 2024 | Criminal damage and arson | Under investigation | On or near Crossway |