£120,112
This estimated value is based upon the latest sale price for the house of £91,100 on 1 Jun 2016. 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 Cedar Way
More crime details
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| Price Paid | Date |
|---|---|
| £91,100 | 1 Jun 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 64 sq meters or 688 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 2016 the House Price Index for TYNE AND WEAR was 111.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 31.847%.Applying this 31.847% change to the original purchase price of £91,100 results in an estimated price of approximately £120,112.
| 1 Jun 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 146.7 | 31.847 % | £91,100 | £29,012 | £120,112 |
The Postcode Pricing Model uses changes in average sales price within the NE12 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 | -11.466 % | £-10,445 | £80,654 |
| 3 Month Average | 17.853 % | £16,263 | £107,363 |
| 6 Month Average | 16.951 % | £15,442 | £106,542 |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 2 Mar 2016.
The average size of a house on CRESCENT WAY is 84 sq meters (910 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cedar Way |
| Feb 2024 | Other crime | Under investigation | On or near Cedar Way |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Cedar Way |
| Dec 2023 | Drugs | Under investigation | On or near Cedar Way |