£117,438
This estimated value is based upon the latest sale price for the house of £68,000 on 11 May 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £68,000 | 11 May 2011 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 May 2011 the House Price Index for TYNE AND WEAR was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.704%.Applying this 72.704% change to the original purchase price of £68,000 results in an estimated price of approximately £117,438.
| 11 May 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.704 % | £68,000 | £49,438 | £117,438 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 24.034 % | £16,343 | £84,343 |
| 3 Month Average | 11.940 % | £8,119 | £76,119 |
| 6 Month Average | 14.246 % | £9,687 | £77,687 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £50,890 | £50,000 | 11 FERNDALE TERRACE |
| 11 Apr 2023 | £65,707 | £65,000 | 14 MERLE TERRACE |
| 1 Feb 2023 | £79,946 | £80,000 | 10 PALERMO STREET |
| 5 Aug 2022 | £49,866 | £50,000 | 2 FLORIDA STREET |
| 14 Jun 2022 | £49,195 | £48,500 | 18 FLORIDA STREET |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 4 Nov 2013. Using an estimated price of £117,439 means this house is valued at £1,677 per sq meter (£155 per sq foot).
The average size of a house on MERLE TERRACE is 109 sq meters (1,181 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Pallion Subway | |
| Feb 2024 | Anti-social behaviour | On or near Pallion Subway |