£243,555
This estimated value is based upon the latest sale price for the house of £60,000 on 8 Dec 1999. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Cross Villa Place No 1
More crime details
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| Price Paid | Date |
|---|---|
| £60,000 | 8 Dec 1999 |
| Flats/Maisonettes |
| Freehold |
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 December 1999 the House Price Index for TYNE AND WEAR was 36.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 305.926%.Applying this 305.926% change to the original purchase price of £60,000 results in an estimated price of approximately £243,555.
| 8 Dec 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 36.9 | 149.7 | 305.926 % | £60,000 | £183,555 | £243,555 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 469.709 % | £281,825 | £341,825 |
| 3 Month Average | 303.883 % | £182,329 | £242,329 |
| 6 Month Average | 289.795 % | £173,877 | £233,877 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 May 2024 | £96,000 | £96,000 | FLAT 3 184 WESTGATE ROAD |
| 1 Dec 2023 | £175,389 | £170,000 | FLAT 2 180 WESTGATE ROAD |
| 17 Mar 2023 | £162,717 | £160,000 | APARTMENT 21 PRINTWORKS RUTHERFORD STREET |
| 1 Feb 2023 | £115,522 | £114,750 | APARTMENT 4 PRINTWORKS RUTHERFORD STREET |
| 20 Sep 2022 | £366,755 | £367,000 | FRANCIS HOUSE, 202 WESTGATE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Cross Villa Place No 1 | |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Cross Villa Place No 1 |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Cross Villa Place No 1 |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Cross Villa Place No 1 |
| Jul 2024 | Burglary | Under investigation | On or near Cross Villa Place No 1 |