£84,603
This estimated value is based upon the latest sale price for the house of £63,000 on 27 May 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 |
---|---|
£63,000 | 27 May 2016 |
£60,500 | 11 Sep 2006 |
£52,500 | 8 Mar 2004 |
Flats/Maisonettes |
Leasehold |
Floor Area: 56 sq meters or 611 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 May 2016 the House Price Index for TYNE AND WEAR was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £63,000 results in an estimated price of approximately £84,603.
27 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
110.7 | 148.6 | 34.292 % | £63,000 | £21,603 | £84,603 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | -19.593 % | £-12,343 | £50,656 |
3 Month Average | -3.133 % | £-1,973 | £61,026 |
6 Month Average | 1.564 % | £985 | £63,985 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Nov 2023 | £38,165 | £37,600 | 15 PALMER CRESCENT |
14 Jul 2023 | £157,115 | £155,000 | 48 USHAW ROAD |
27 Jan 2023 | £83,606 | £84,000 | 40 CAMBRIDGE AVENUE |
20 Jan 2023 | £164,226 | £165,000 | 25 WITTY AVENUE |
5 Sep 2022 | £91,263 | £92,000 | 18 OXFORD CRESCENT |
This house has a floor area of 56 sq meters or 611 sq feet when measured on 30 Dec 2009. Using an estimated price of £84,604 means this house is valued at £1,488 per sq meter (£138 per sq foot).
The average size of a house on NEVILLES CROSS ROAD is 104 sq meters (1,129 sq feet).
This house is the smallest in the street with a floor area of 56 sq meters (611 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Marr Road |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Marr Road |
Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Palmer Crescent |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Ushaw Road |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Ushaw Road |