£305,123
This estimated value is based upon the latest sale price for the house of £54,250 on 3 Feb 1995. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £54,250 | 3 Feb 1995 |
| Semi-Detached |
| Leasehold |
| Floor Area: 60 sq meters or 656 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 1995 the House Price Index for TYNE AND WEAR was 26.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 462.439%.Applying this 462.439% change to the original purchase price of £54,250 results in an estimated price of approximately £305,123.
| 3 Feb 1995 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.6 | 149.7 | 462.439 % | £54,250 | £250,873 | £305,123 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 247.944 % | £134,509 | £188,759 |
| 3 Month Average | 305.157 % | £165,547 | £219,797 |
| 6 Month Average | 243.151 % | £131,909 | £186,159 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £208,907 | £205,000 | 12 CRAKE WAY |
| 28 Feb 2023 | £121,814 | £121,000 | 26 CRAKE WAY |
| 30 Sep 2022 | £149,895 | £149,995 | 25 REDSHANK CLOSE |
| 19 Aug 2022 | £205,963 | £205,000 | 21 MARTIN COURT |
| 5 Aug 2022 | £178,836 | £178,000 | 16 CRAKE WAY |
This house has a floor area of 60 sq meters or 656 sq feet when measured on 27 Jul 2009. Using an estimated price of £305,123 means this house is valued at £5,005 per sq meter (£465 per sq foot).
The average size of a house on CRAKE WAY is 88 sq meters (953 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Crake Way |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Crake Way |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Woodlark |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Woodlark |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodlark |