£147,686
This estimated value is based upon the latest sale price for the house of £80,000 on 10 Jun 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £80,000 | 10 Jun 2005 |
| Terraced |
| 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 June 2005 the House Price Index for TYNE AND WEAR was 80.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 84.608%.Applying this 84.608% change to the original purchase price of £80,000 results in an estimated price of approximately £147,686.
| 10 Jun 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.5 | 148.6 | 84.608 % | £80,000 | £67,686 | £147,686 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 5.631 % | £4,504 | £84,504 |
| 3 Month Average | 24.073 % | £19,258 | £99,258 |
| 6 Month Average | 36.495 % | £29,195 | £109,195 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £211,853 | £210,000 | 67 WARWICK ROAD |
| 2 Sep 2022 | £89,279 | £90,000 | 57 WARWICK ROAD |
| 24 Jun 2022 | £189,650 | £186,970 | 74 WARWICK ROAD |
| 14 Jun 2022 | £223,154 | £220,000 | 181 MORTIMER ROAD |
| 14 Mar 2022 | £108,808 | £105,000 | 63 MORPETH AVENUE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 5 Nov 2018. Using an estimated price of £147,687 means this house is valued at £2,344 per sq meter (£217 per sq foot).
The average size of a house on MORPETH AVENUE is 122 sq meters (1,314 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Mortimer Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Mortimer Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Mortimer Road |
| Feb 2024 | Anti-social behaviour | On or near Mortimer Road | |
| Feb 2024 | Anti-social behaviour | On or near Mortimer Road |