£185,323
This estimated value is based upon the latest sale price for the house of £150,000 on 20 Jun 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £150,000 | 20 Jun 2019 |
| £139,950 | 18 Dec 2015 |
| £116,000 | 23 Dec 2010 |
| Terraced |
| Freehold |
| Floor Area: 76 sq meters or 823 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 June 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.549%.Applying this 23.549% change to the original purchase price of £150,000 results in an estimated price of approximately £185,323.
| 20 Jun 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.549 % | £150,000 | £35,323 | £185,323 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | -6.978 % | £-10,466 | £139,533 |
| 3 Month Average | -20.465 % | £-30,697 | £119,302 |
| 6 Month Average | 5.136 % | £7,703 | £157,703 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Mar 2024 | £185,000 | £185,000 | 23 BEANLEY PLACE |
| 29 Nov 2023 | £375,560 | £370,000 | 21 STANLEY GROVE |
| 10 Feb 2023 | £234,842 | £235,000 | 6 CRAGSIDE |
| 27 Jan 2023 | £187,616 | £188,500 | 110 WELDON CRESCENT |
| 25 Jan 2023 | £182,640 | £183,500 | 85 CRAGSIDE |
This house has a floor area of 76 sq meters or 823 sq feet when measured on 18 Oct 2010. Using an estimated price of £185,323 means this house is valued at £2,423 per sq meter (£225 per sq foot).
The average size of a house on CRAGSIDE is 96 sq meters (1,040 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Possession of weapons | Under investigation | On or near Beanley Place |
| Dec 2023 | Possession of weapons | Investigation complete; no suspect identified | On or near Beanley Place |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Beanley Place |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Beanley Place |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Duxfield Road |