£457,496
This estimated value is based upon the latest sale price for the house of £363,500 on 14 Jul 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 |
|---|---|
| £363,500 | 14 Jul 2017 |
| £285,000 | 7 May 2003 |
| £259,500 | 1 Mar 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 103 sq meters or 1,108 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 2017 the House Price Index for TYNE AND WEAR was 116.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 25.859%.Applying this 25.859% change to the original purchase price of £363,500 results in an estimated price of approximately £457,496.
| 14 Jul 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 146.7 | 25.859 % | £363,500 | £93,996 | £457,496 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | -23.192 % | £-84,303 | £279,196 |
| 3 Month Average | -24.780 % | £-90,076 | £273,423 |
| 6 Month Average | 8.263 % | £30,037 | £393,537 |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 21 Mar 2017.
The average size of a house on ADDERSTONE CRESCENT is 112 sq meters (1,210 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Jan 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Jan 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Adderstone Crescent |