£217,895
This estimated value is based upon the latest sale price for the house of £130,000 on 5 Oct 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £130,000 | 5 Oct 2012 |
| £119,950 | 28 Aug 2009 |
| £119,995 | 15 Jul 2005 |
| £57,000 | 25 Sep 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 650 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 2012 the House Price Index for TYNE AND WEAR was 87.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 67.612%.Applying this 67.612% change to the original purchase price of £130,000 results in an estimated price of approximately £217,895.
| 5 Oct 2012 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 146.7 | 67.612 % | £130,000 | £87,895 | £217,895 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 7.547 % | £9,810 | £139,810 |
| 3 Month Average | 17.629 % | £22,917 | £152,917 |
| 6 Month Average | 22.123 % | £28,759 | £158,759 |
This house has a floor area of 60 sq meters or 650 sq feet when measured on 11 Jun 2009.
The average size of a house on OLIVE GARDENS is 69 sq meters (747 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cyprus Gardens |
| Feb 2024 | Other crime | Investigation complete; no suspect identified | On or near Cyprus Gardens |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cyprus Gardens |
| Jan 2024 | Drugs | Investigation complete; no suspect identified | On or near Springfield Place |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Evistones Road |