£279,476
This estimated value is based upon the latest sale price for the house of £220,000 on 31 May 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Cranberry Drive
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| Price Paid | Date |
|---|---|
| £220,000 | 31 May 2017 |
| £190,000 | 22 May 2003 |
| Detached |
| Leasehold |
| Floor Area: 117 sq meters or 1,259 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 May 2017 the House Price Index for TYNE AND WEAR was 115.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 27.035%.Applying this 27.035% change to the original purchase price of £220,000 results in an estimated price of approximately £279,476.
| 31 May 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 146.7 | 27.035 % | £220,000 | £59,476 | £279,476 |
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 | -10.096 % | £-22,211 | £197,788 |
| 3 Month Average | 13.633 % | £29,991 | £249,991 |
| 6 Month Average | 51.248 % | £112,744 | £332,744 |
This house has a floor area of 117 sq meters or 1,259 sq feet when measured on 10 Nov 2016.
The average size of a house on BALLSTON CLOSE is 152 sq meters (1,639 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Cranberry Drive |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cranberry Drive |
| Mar 2024 | Anti-social behaviour | On or near Woodcliff Close | |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Woodcliff Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Greenwood Close |