£861,795
This estimated value is based upon the latest sale price for the house of £230,000 on 27 Jul 2000. 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 Cornmoor Gardens
More crime details
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| Price Paid | Date |
|---|---|
| £230,000 | 27 Jul 2000 |
| Detached |
| Freehold |
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 July 2000 the House Price Index for TYNE AND WEAR was 40.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 274.694%.Applying this 274.694% change to the original purchase price of £230,000 results in an estimated price of approximately £861,795.
| 27 Jul 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.0 | 149.7 | 274.694 % | £230,000 | £631,795 | £861,795 |
The Postcode Pricing Model uses changes in average sales price within the NE16 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 | 445.629 % | £1,024,946 | £1,254,946 |
| 3 Month Average | 214.657 % | £493,710 | £723,710 |
| 6 Month Average | 224.366 % | £516,042 | £746,042 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2024 | £402,000 | £402,000 | 121 WHAGGS LANE |
| 26 Jul 2024 | £180,000 | £180,000 | 9 WARWICK DRIVE |
| 12 Jul 2024 | £230,500 | £230,500 | 45 WARWICK AVENUE |
| 27 Mar 2024 | £213,277 | £210,000 | 87 WHAGGS LANE |
| 18 Dec 2023 | £407,522 | £395,000 | 16 ELM COURT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Cornmoor Gardens |
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Greystoke Gardens |
| Sep 2024 | Theft from the person | Under investigation | On or near Greystoke Gardens |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Greystoke Gardens |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Greystoke Gardens |