£118,348
This estimated value is based upon the latest sale price for the house of £73,000 on 12 Jan 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £73,000 | 12 Jan 2007 |
| £58,000 | 8 Aug 2006 |
| £35,500 | 17 Feb 2003 |
| £17,000 | 25 Jan 2002 |
| Terraced |
| Freehold |
| Floor Area: 53 sq meters or 578 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 January 2007 the House Price Index for TYNE AND WEAR was 90.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 62.121%.Applying this 62.121% change to the original purchase price of £73,000 results in an estimated price of approximately £118,348.
| 12 Jan 2007 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.5 | 146.7 | 62.121 % | £73,000 | £45,348 | £118,348 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 4.935 % | £3,602 | £76,602 |
| 3 Month Average | 6.962 % | £5,082 | £78,082 |
| 6 Month Average | 6.343 % | £4,630 | £77,630 |
This house has a floor area of 53 sq meters or 578 sq feet when measured on 12 Sep 2008.
The average size of a house on HEDGELEY ROAD is 74 sq meters (800 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Under investigation | On or near Vimy Avenue |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cressida Gardens |
| Dec 2023 | Anti-social behaviour | On or near Cressida Gardens | |
| Dec 2023 | Anti-social behaviour | On or near Cressida Gardens | |
| Dec 2023 | Anti-social behaviour | On or near Cressida Gardens |