£139,279
This estimated value is based upon the latest sale price for the house of £135,000 on 15 Dec 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £135,000 | 15 Dec 2023 |
| £40,000 | 9 Aug 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 65 sq meters or 699 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 December 2023 the House Price Index for TYNE AND WEAR was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £135,000 results in an estimated price of approximately £139,279.
| 15 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.1 | 149.7 | 3.170 % | £135,000 | £4,279 | £139,279 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 47.416 % | £64,012 | £199,012 |
| 3 Month Average | 3.471 % | £4,685 | £139,685 |
| 6 Month Average | 8.438 % | £11,391 | £146,391 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Apr 2024 | £72,631 | £72,000 | 51 CENTENARY AVENUE |
| 15 Dec 2023 | £139,280 | £135,000 | 8 CROSS WAY |
| 30 Jun 2023 | £105,106 | £103,000 | 18 CENTENARY AVENUE |
| 14 Apr 2023 | £132,427 | £129,950 | 44 CENTENARY AVENUE |
| 17 Feb 2023 | £102,183 | £101,500 | 411 PRINCE EDWARD ROAD |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 29 Sep 2011. Using an estimated price of £139,280 means this house is valued at £2,142 per sq meter (£199 per sq foot).
The average size of a house on CROSS WAY is 86 sq meters (933 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Crossway |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Crossway |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Crossway |
| Aug 2024 | Criminal damage and arson | Under investigation | On or near Crossway |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Crossway |