£116,804
This estimated value is based upon the latest sale price for the house of £88,000 on 11 Nov 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £88,000 | 11 Nov 2016 |
| £85,000 | 3 Feb 2006 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 November 2016 the House Price Index for TYNE AND WEAR was 112.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.733%.Applying this 32.733% change to the original purchase price of £88,000 results in an estimated price of approximately £116,804.
| 11 Nov 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 149.7 | 32.733 % | £88,000 | £28,804 | £116,804 |
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 | 20.617 % | £18,143 | £106,143 |
| 3 Month Average | 25.755 % | £22,664 | £110,664 |
| 6 Month Average | 18.856 % | £16,593 | £104,593 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2023 | £169,297 | £165,000 | 2 INCHCLIFFE CRESCENT |
| 28 Apr 2023 | £97,830 | £96,000 | 83 SPRINGFIELD ROAD |
| 24 Feb 2023 | £144,968 | £144,000 | 114 SOUTHMEAD AVENUE |
| 27 Jul 2022 | £149,498 | £148,000 | 24 INCHCLIFFE CRESCENT |
| 30 Jun 2022 | £117,512 | £115,000 | 7 BONDICARR PLACE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 19 Mar 2013. Using an estimated price of £116,805 means this house is valued at £1,600 per sq meter (£148 per sq foot).
The average size of a house on INCHCLIFFE CRESCENT is 99 sq meters (1,070 sq feet).
This house is the smallest in the street with a floor area of 73 sq meters (785 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Springfield Road |
| Sep 2024 | Anti-social behaviour | On or near Springfield Road | |
| Sep 2024 | Anti-social behaviour | On or near Springfield Road | |
| Aug 2024 | Drugs | Under investigation | On or near Springfield Road |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Springfield Road |