£176,117
This estimated value is based upon the latest sale price for the house of £32,000 on 12 Jul 1996. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £32,000 | 12 Jul 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 565 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 1996 the House Price Index for TYNE AND WEAR was 26.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 450.366%.Applying this 450.366% change to the original purchase price of £32,000 results in an estimated price of approximately £176,117.
| 12 Jul 1996 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.7 | 146.7 | 450.366 % | £32,000 | £144,117 | £176,117 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 228.796 % | £73,214 | £105,214 |
| 3 Month Average | 213.118 % | £68,197 | £100,197 |
| 6 Month Average | 202.284 % | £64,730 | £96,730 |
This house has a floor area of 52 sq meters or 565 sq feet when measured on 22 Oct 2009.
The average size of a house on MARLESFORD CLOSE is 69 sq meters (745 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Merrion Close |
| Mar 2024 | Vehicle crime | Under investigation | On or near Morpeth Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Milcombe Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Milcombe Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Maplebeck Close |