£153,457
This estimated value is based upon the latest sale price for the house of £115,000 on 7 Oct 2016. 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 Cedar Road
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| Price Paid | Date |
|---|---|
| £115,000 | 7 Oct 2016 |
| £30,000 | 3 Jul 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 October 2016 the House Price Index for TYNE AND WEAR was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £115,000 results in an estimated price of approximately £153,457.
| 7 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £115,000 | £38,457 | £153,457 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 28.863 % | £33,192 | £148,192 |
| 3 Month Average | 17.670 % | £20,320 | £135,320 |
| 6 Month Average | 17.087 % | £19,649 | £134,649 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jun 2024 | £90,000 | £90,000 | 8 BRACKEN PLACE |
| 28 Nov 2023 | £87,214 | £85,000 | 90 CEDAR ROAD |
| 18 Aug 2023 | £91,653 | £90,000 | 3 ORD COURT |
| 24 Apr 2023 | £137,573 | £135,000 | 85 LONNEN AVENUE |
| 24 Mar 2023 | £86,444 | £85,000 | 67 ACANTHUS AVENUE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 30 Mar 2010. Using an estimated price of £153,457 means this house is valued at £1,848 per sq meter (£171 per sq foot).
The average size of a house on CEDAR ROAD is 104 sq meters (1,123 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Cedar Road |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Cedar Road |
| Jul 2024 | Anti-social behaviour | On or near Cedar Road | |
| Jun 2024 | Anti-social behaviour | On or near Cedar Road | |
| Jun 2024 | Anti-social behaviour | On or near Cedar Road |