£96,971
This estimated value is based upon the latest sale price for the house of £96,000 on 22 Jul 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £96,000 | 22 Jul 2022 |
| £85,000 | 21 Jul 2015 |
| £90,000 | 31 Mar 2015 |
| £118,995 | 24 Apr 2009 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 July 2022 the House Price Index for TYNE AND WEAR was 148.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.012%.Applying this 1.012% change to the original purchase price of £96,000 results in an estimated price of approximately £96,971.
| 22 Jul 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 149.7 | 1.012 % | £96,000 | £971 | £96,971 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | 2.188 % | £2,100 | £98,100 |
| 3 Month Average | -5.823 % | £-5,589 | £90,410 |
| 6 Month Average | 2.518 % | £2,417 | £98,417 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £330,071 | £325,000 | 42 CROMWELL FORD WAY |
| 8 Dec 2023 | £106,265 | £103,000 | 22 KLONDYKE WALK |
| 28 Sep 2023 | £171,276 | £167,500 | 17 KLONDYKE WALK |
| 1 Sep 2023 | £230,072 | £225,000 | 38 CROMWELL FORD WAY |
| 23 Aug 2023 | £229,133 | £225,000 | 34 CROMWELL FORD WAY |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 9 Apr 2019. Using an estimated price of £96,972 means this house is valued at £1,795 per sq meter (£166 per sq foot).
The average size of a house on CROMWELL FORD WAY is 103 sq meters (1,113 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Public order | Investigation complete; no suspect identified | On or near Cromwell Ford Way |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Cromwell Ford Way |
| Aug 2024 | Anti-social behaviour | On or near Cromwell Ford Way | |
| Aug 2024 | Anti-social behaviour | On or near Cromwell Ford Way | |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Cromwell Ford Way |