£84,748
This estimated value is based upon the latest sale price for the house of £40,000 on 23 Feb 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £40,000 | 23 Feb 2004 |
| £16,000 | 1 Oct 2003 |
| £14,000 | 23 Dec 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 70 sq meters or 753 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 2004 the House Price Index for TYNE AND WEAR was 70.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 111.871%.Applying this 111.871% change to the original purchase price of £40,000 results in an estimated price of approximately £84,748.
| 23 Feb 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 70.1 | 148.6 | 111.871 % | £40,000 | £44,748 | £84,748 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | -1.972 % | £-788 | £39,211 |
| 3 Month Average | 76.133 % | £30,453 | £70,453 |
| 6 Month Average | 70.473 % | £28,189 | £68,189 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £56,030 | £55,050 | 39 BEECHWOOD CRESCENT |
| 25 Aug 2023 | £121,059 | £120,000 | 72 ELMWOOD AVENUE |
| 24 Feb 2023 | £118,420 | £118,500 | 17 MULBERRY AVENUE |
| 16 Feb 2023 | £48,736 | £48,769 | 7 ELMWOOD AVENUE |
| 23 Sep 2022 | £79,359 | £80,000 | 3 OAKLANDS CRESCENT |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 20 May 2017. Using an estimated price of £84,748 means this house is valued at £1,210 per sq meter (£112 per sq foot).
The average size of a house on CHESTNUT CRESCENT is 86 sq meters (926 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Chestnut Crescent |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Chestnut Crescent |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Chestnut Crescent |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Chestnut Crescent |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Marley Crescent |