£263,093
This estimated value is based upon the latest sale price for the house of £160,000 on 7 Jun 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £160,000 | 7 Jun 2013 |
| £103,000 | 30 Nov 2012 |
| Detached |
| Freehold |
| Floor Area: 61 sq meters or 657 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 June 2013 the House Price Index for TYNE AND WEAR was 89.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 64.434%.Applying this 64.434% change to the original purchase price of £160,000 results in an estimated price of approximately £263,093.
| 7 Jun 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.2 | 146.7 | 64.434 % | £160,000 | £103,093 | £263,093 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 35.614 % | £56,983 | £216,983 |
| 3 Month Average | 20.257 % | £32,411 | £192,411 |
| 6 Month Average | 27.185 % | £43,495 | £203,495 |
This house has a floor area of 61 sq meters or 657 sq feet when measured on 15 Feb 2012.
The average size of a house on CRESSWELL DRIVE is 95 sq meters (1,024 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Cairns Way | |
| Feb 2024 | Anti-social behaviour | On or near Cairns Way | |
| Mar 2024 | Public order | Under investigation | On or near Brotherlee Road |
| Mar 2024 | Anti-social behaviour | On or near Brotherlee Road | |
| Mar 2024 | Public order | Under investigation | On or near Brotherlee Road |