£304,765
This estimated value is based upon the latest sale price for the house of £245,000 on 25 Jun 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £245,000 | 25 Jun 2018 |
| £169,000 | 23 Mar 2016 |
| £140,000 | 16 Oct 2002 |
| Freehold |
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 2018 the House Price Index for TYNE AND WEAR was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £245,000 results in an estimated price of approximately £304,765.
| 25 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.6 | 24.394 % | £245,000 | £59,765 | £304,765 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | -9.732 % | £-23,843 | £221,156 |
| 3 Month Average | 10.344 % | £25,342 | £270,342 |
| 6 Month Average | 11.835 % | £28,996 | £273,996 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £729,325 | £720,000 | 2 GREENFIELD PLACE |
| 4 Aug 2023 | £277,427 | £275,000 | 4 SUMMERHILL STREET |
| 13 Jun 2023 | £278,372 | £275,000 | 2 SUMMERHILL GROVE |
| 17 Apr 2023 | £394,245 | £390,000 | 13 SUMMERHILL STREET |
| 20 Sep 2022 | £263,869 | £266,000 | 217 - 219 WESTGATE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Cross Villa Place No 5 |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cross Villa Place No 5 |
| Feb 2024 | Burglary | Under investigation | On or near Cross Villa Place No 4 |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Winchester Terrace |