£124,915
This estimated value is based upon the latest sale price for the house of £125,000 on 3 Feb 2023. 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 Queen'S Crescent
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| Price Paid | Date |
|---|---|
| £125,000 | 3 Feb 2023 |
| £137,000 | 27 Oct 2006 |
| £107,000 | 30 Jul 2004 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 February 2023 the House Price Index for TYNE AND WEAR was 148.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.067%.Applying this -0.067% change to the original purchase price of £125,000 results in an estimated price of approximately £124,915.
| 3 Feb 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.7 | 148.6 | -0.067 % | £125,000 | £-84 | £124,915 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 34.416 % | £43,020 | £168,020 |
| 3 Month Average | -9.584 % | £-11,979 | £113,020 |
| 6 Month Average | -1.157 % | £-1,446 | £123,553 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £127,000 | £127,000 | 74 CLEVELAND ROAD |
| 19 Dec 2023 | £160,814 | £158,000 | 83 CLEVELAND ROAD |
| 5 Sep 2023 | £107,373 | £106,000 | 58 QUEENS CRESCENT |
| 26 Jul 2023 | £94,218 | £92,950 | 51 QUEENS CRESCENT |
| 14 Jul 2023 | £57,778 | £57,000 | 98 CLEVELAND ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 4 Feb 2015. Using an estimated price of £124,916 means this house is valued at £1,665 per sq meter (£154 per sq foot).
The average size of a house on CLEVELAND ROAD is 125 sq meters (1,355 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Queen'S Crescent |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Queen'S Crescent |
| Feb 2024 | Public order | Under investigation | On or near Chatsworth Street |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Chatsworth Street |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chatsworth Street |