£115,513
This estimated value is based upon the latest sale price for the house of £90,000 on 17 Feb 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £90,000 | 17 Feb 2017 |
| £68,500 | 17 Jan 2014 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 2017 the House Price Index for TYNE AND WEAR was 114.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 28.349%.Applying this 28.349% change to the original purchase price of £90,000 results in an estimated price of approximately £115,513.
| 17 Feb 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 146.7 | 28.349 % | £90,000 | £25,513 | £115,513 |
The Postcode Pricing Model uses changes in average sales price within the NE12 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 | -16.900 % | £-15,210 | £74,789 |
| 3 Month Average | 10.914 % | £9,822 | £99,822 |
| 6 Month Average | 20.338 % | £18,304 | £108,304 |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 26 Jun 2013.
The average size of a house on CYPRESS GARDENS is 95 sq meters (1,029 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Cypress Gardens |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Cypress Gardens |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cherry Grove |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cherry Grove |
| Feb 2024 | Public order | Under investigation | On or near Cherry Grove |