£135,580
This estimated value is based upon the latest sale price for the house of £110,000 on 21 Feb 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £110,000 | 21 Feb 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £110,000 results in an estimated price of approximately £135,580.
| 21 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £110,000 | £25,580 | £135,580 |
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 | 8.779 % | £9,656 | £119,656 |
| 3 Month Average | 36.227 % | £39,849 | £149,849 |
| 6 Month Average | 19.011 % | £20,911 | £130,911 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Apr 2024 | £146,270 | £145,000 | 32 CROFTSWAY |
| 20 Oct 2023 | £327,437 | £320,000 | 32 GRAINGER PARK ROAD |
| 21 Sep 2023 | £126,795 | £124,000 | 3 ST MICHAELS CLOSE |
| 31 Aug 2023 | £155,861 | £153,050 | 34 CROFTSWAY |
| 29 Aug 2023 | £44,808 | £44,000 | 466 ELSWICK ROAD |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 11 Nov 2019. Using an estimated price of £135,580 means this house is valued at £1,369 per sq meter (£127 per sq foot).
The average size of a house on CROFTSWAY is 126 sq meters (1,362 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near St. Michaels Close |
| Jul 2024 | Anti-social behaviour | On or near St. Michaels Close | |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near St. Michaels Close |
| Jun 2024 | Anti-social behaviour | On or near St. Michaels Close | |
| Jun 2024 | Anti-social behaviour | On or near St. Michaels Close |