£208,583
This estimated value is based upon the latest sale price for the house of £170,000 on 23 Sep 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £170,000 | 23 Sep 2019 |
| Semi-Detached |
| Leasehold |
| Floor Area: 73 sq meters or 785 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 September 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.696%.Applying this 22.696% change to the original purchase price of £170,000 results in an estimated price of approximately £208,583.
| 23 Sep 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.696 % | £170,000 | £38,583 | £208,583 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | -10.352 % | £-17,597 | £152,402 |
| 3 Month Average | -2.614 % | £-4,444 | £165,555 |
| 6 Month Average | 7.559 % | £12,850 | £182,850 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £239,185 | £235,000 | 14 KYLOE CLOSE |
| 22 Jun 2023 | £253,065 | £250,000 | 12B KING GEORGE ROAD |
| 16 Jun 2023 | £63,772 | £63,000 | 4 PRUDHOE COURT |
| 17 Mar 2023 | £186,760 | £185,000 | 58 CRESSWELL DRIVE |
| 17 Nov 2022 | £249,478 | £252,500 | 10 KYLOE CLOSE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 7 Jan 2019. Using an estimated price of £208,584 means this house is valued at £2,857 per sq meter (£265 per sq foot).
The average size of a house on CRESSWELL DRIVE is 95 sq meters (1,024 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Fawdon Park Close |
| Jan 2024 | Anti-social behaviour | On or near Whitelees Court | |
| Jan 2024 | Anti-social behaviour | On or near Whitelees Court | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Whitelees Court |
| Jan 2024 | Anti-social behaviour | On or near Whitelees Court |