£74,290
This estimated value is based upon the latest sale price for the house of £55,000 on 31 Mar 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 |
|---|---|
| £55,000 | 31 Mar 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 63 sq meters or 678 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 March 2016 the House Price Index for TYNE AND WEAR was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £55,000 results in an estimated price of approximately £74,290.
| 31 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.6 | 35.074 % | £55,000 | £19,290 | £74,290 |
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 | 12.524 % | £6,888 | £61,888 |
| 3 Month Average | 4.798 % | £2,638 | £57,638 |
| 6 Month Average | 10.619 % | £5,840 | £60,840 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Aug 2023 | £121,059 | £120,000 | 18 WINTON WAY |
| 3 Mar 2023 | £151,729 | £150,300 | 50 KIRKWOOD DRIVE |
| 7 Feb 2023 | £124,916 | £125,000 | 19 WINTON WAY |
| 29 Nov 2022 | £187,726 | £190,000 | 1 SHILMORE ROAD |
| 29 Jun 2022 | £173,451 | £171,000 | 4 SHILMORE ROAD |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 14 Aug 2020. Using an estimated price of £74,291 means this house is valued at £1,179 per sq meter (£109 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Crantock Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Crantock Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Crantock Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Crantock Road |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Crantock Road |