£552,041
This estimated value is based upon the latest sale price for the house of £420,000 on 12 Aug 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £420,000 | 12 Aug 2016 |
| £150,000 | 26 Jul 2000 |
| Detached |
| Freehold |
| Floor Area: 173 sq meters or 1,862 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 August 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 31.438%.Applying this 31.438% change to the original purchase price of £420,000 results in an estimated price of approximately £552,041.
| 12 Aug 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 146.7 | 31.438 % | £420,000 | £132,041 | £552,041 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 16.117 % | £67,692 | £487,692 |
| 3 Month Average | 15.200 % | £63,839 | £483,839 |
| 6 Month Average | 30.855 % | £129,590 | £549,590 |
This house has a floor area of 173 sq meters or 1,862 sq feet when measured on 11 Aug 2016.
The average size of a house on NORMA CRESCENT is 133 sq meters (1,436 sq feet).
This house is the largest in the street with a floor area of 173 sq meters (1,862 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cliff Row |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Cliff Row |
| Dec 2023 | Vehicle crime | Awaiting court outcome | On or near Cliff Row |
| Jan 2024 | Anti-social behaviour | On or near Promontory Terrace | |
| Jan 2024 | Anti-social behaviour | On or near Promontory Terrace |