£312,520
This estimated value is based upon the latest sale price for the house of £234,950 on 24 Jun 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £234,950 | 24 Jun 2016 |
| Detached |
| Leasehold |
| Floor Area: 124 sq meters or 1,334 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 2016 the House Price Index for TYNE AND WEAR was 111.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 33.016%.Applying this 33.016% change to the original purchase price of £234,950 results in an estimated price of approximately £312,520.
| 24 Jun 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.0 | 33.016 % | £234,950 | £77,570 | £312,520 |
The Postcode Pricing Model uses changes in average sales price within the DH5 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 | -19.177 % | £-45,056 | £189,893 |
| 3 Month Average | -10.888 % | £-25,580 | £209,369 |
| 6 Month Average | -8.012 % | £-18,824 | £216,125 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £277,755 | £272,500 | 25 CRESTA VIEW |
| 25 Aug 2023 | £288,756 | £287,000 | 31 LINGFIELD |
| 30 Jun 2023 | £267,166 | £265,000 | 3 LINGFIELD |
| 28 Apr 2023 | £191,372 | £189,950 | 6 HETTON ROAD |
| 3 Feb 2023 | £357,310 | £359,000 | 64 CRESTA VIEW |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 21 Jan 2016. Using an estimated price of £312,520 means this house is valued at £2,520 per sq meter (£234 per sq foot).
The average size of a house on CRESTA VIEW is 134 sq meters (1,450 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Cresta View | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cresta View |
| Mar 2024 | Anti-social behaviour | On or near Hetton Road | |
| Mar 2024 | Anti-social behaviour | On or near Hetton Road | |
| Jan 2024 | Anti-social behaviour | On or near Hetton Road |