£619,688
This estimated value is based upon the latest sale price for the house of £109,950 on 28 Mar 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 |
|---|---|
| £109,950 | 28 Mar 1995 |
| Detached |
| Leasehold |
| Floor Area: 119 sq meters or 1,280 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 March 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 463.609%.Applying this 463.609% change to the original purchase price of £109,950 results in an estimated price of approximately £619,688.
| 28 Mar 1995 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.6 | 149.7 | 463.609 % | £109,950 | £509,738 | £619,688 |
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 | 267.719 % | £294,356 | £404,306 |
| 3 Month Average | 299.496 % | £329,295 | £439,245 |
| 6 Month Average | 238.357 % | £262,073 | £372,023 |
| 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 119 sq meters or 1,280 sq feet when measured on 3 Apr 2013. Using an estimated price of £619,688 means this house is valued at £5,207 per sq meter (£483 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 |