£78,827
This estimated value is based upon the latest sale price for the house of £64,000 on 4 Apr 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £64,000 | 4 Apr 2019 |
| £64,000 | 4 Apr 2019 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 66 sq meters or 710 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 April 2019 the House Price Index for TYNE AND WEAR was 120.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.169%.Applying this 23.169% change to the original purchase price of £64,000 results in an estimated price of approximately £78,827.
| 4 Apr 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.0 | 23.169 % | £64,000 | £14,827 | £78,827 |
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 | -40.087 % | £-25,655 | £38,344 |
| 3 Month Average | 1.201 % | £768 | £64,768 |
| 6 Month Average | 23.339 % | £14,936 | £78,936 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £54,702 | £54,000 | 3 ST JUST PLACE |
| 24 Aug 2023 | £134,820 | £134,000 | 10 CRELAND WAY |
| 2 Jun 2023 | £83,678 | £83,000 | 23 CRAIGMILLAR AVENUE |
| 10 Feb 2023 | £129,388 | £130,000 | 57 CRAIGMILLAR AVENUE |
| 13 Jan 2022 | £141,501 | £135,000 | 34 COLEBRIDGE CLOSE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 10 May 2018. Using an estimated price of £78,828 means this house is valued at £1,194 per sq meter (£110 per sq foot).
The average size of a house on CRAIGMILLAR AVENUE is 77 sq meters (829 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near Colebridge Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Colebridge Close |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Colebridge Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Colebridge Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Colebridge Close |