£130,973
This estimated value is based upon the latest sale price for the house of £130,000 on 3 Apr 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £130,000 | 3 Apr 2023 |
| £115,000 | 26 Oct 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 69 sq meters or 742 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 April 2023 the House Price Index for TYNE AND WEAR was 146.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.749%.Applying this 0.749% change to the original purchase price of £130,000 results in an estimated price of approximately £130,973.
| 3 Apr 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.9 | 148.0 | 0.749 % | £130,000 | £973 | £130,973 |
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 | -34.438 % | £-44,768 | £85,231 |
| 3 Month Average | -17.438 % | £-22,669 | £107,330 |
| 6 Month Average | -0.369 % | £-480 | £129,519 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £109,405 | £108,000 | 8 RAPPERTON COURT |
| 30 Nov 2023 | £123,587 | £122,000 | 31 CHIPCHASE CRESCENT |
| 21 Apr 2023 | £130,973 | £130,000 | 2 KENSINGTON VILLAS |
| 3 Apr 2023 | £130,973 | £130,000 | 4 CHIPCHASE CRESCENT |
| 7 Oct 2022 | £137,949 | £140,000 | 10 CHIPCHASE CRESCENT |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 13 Oct 2015. Using an estimated price of £130,973 means this house is valued at £1,898 per sq meter (£176 per sq foot).
The average size of a house on CHIPCHASE CRESCENT is 89 sq meters (961 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Chipchase Crescent |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Chipchase Crescent |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Chipchase Crescent |
| Feb 2024 | Drugs | Awaiting court outcome | On or near Chipchase Crescent |
| Feb 2024 | Public order | Awaiting court outcome | On or near Chipchase Crescent |