£144,544
This estimated value is based upon the latest sale price for the house of £115,000 on 27 Oct 2017. 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 5
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| Price Paid | Date |
|---|---|
| £115,000 | 27 Oct 2017 |
| £65,000 | 22 Sep 2016 |
| £67,000 | 18 Jan 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 113 sq meters or 1,216 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 2017 the House Price Index for TYNE AND WEAR was 117.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 25.690%.Applying this 25.690% change to the original purchase price of £115,000 results in an estimated price of approximately £144,544.
| 27 Oct 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 148.0 | 25.690 % | £115,000 | £29,544 | £144,544 |
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 | 224.963 % | £258,707 | £373,707 |
| 3 Month Average | 17.571 % | £20,206 | £135,206 |
| 6 Month Average | 19.199 % | £22,079 | £137,079 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £276,683 | £275,000 | 4 SUMMERHILL STREET |
| 17 Apr 2023 | £392,920 | £390,000 | 13 SUMMERHILL STREET |
| 15 Mar 2023 | £276,495 | £275,000 | 10 VICTORIA STREET |
| 26 Aug 2022 | £238,886 | £240,500 | 16 LANCASTER STREET |
| 31 Mar 2022 | £448,954 | £435,000 | 264 WESTGATE ROAD |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 28 Oct 2019. Using an estimated price of £144,544 means this house is valued at £1,279 per sq meter (£118 per sq foot).
The average size of a house on WESTGATE ROAD is 93 sq meters (1,006 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Under investigation | On or near Cross Villa Place No 5 |
| Apr 2024 | Burglary | Under investigation | On or near Cross Villa Place No 5 |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Cross Villa Place No 5 |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cross Villa Place No 5 |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Cross Villa Place No 5 |