£374,421
This estimated value is based upon the latest sale price for the house of £378,250 on 8 Jul 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £378,250 | 8 Jul 2022 |
| £272,500 | 2 Mar 2017 |
| Terraced |
| Freehold |
| Floor Area: 163 sq meters or 1,754 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 July 2022 the House Price Index for TYNE AND WEAR was 148.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -1.012%.Applying this -1.012% change to the original purchase price of £378,250 results in an estimated price of approximately £374,421.
| 8 Jul 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 146.7 | -1.012 % | £378,250 | £-3,828 | £374,421 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -10.987 % | £-41,557 | £336,692 |
| 3 Month Average | -1.313 % | £-4,966 | £373,283 |
| 6 Month Average | 6.162 % | £23,307 | £401,557 |
This house has a floor area of 163 sq meters or 1,754 sq feet when measured on 15 May 2014.
The average size of a house on CLEVELAND ROAD is 152 sq meters (1,636 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cleveland Crescent |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Preston Mews |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Waterloo Place |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Waterloo Place |