£71,427
This estimated value is based upon the latest sale price for the house of £53,000 on 12 Feb 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Murrayfield Road
More crime details
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| Price Paid | Date |
|---|---|
| £53,000 | 12 Feb 2016 |
| £53,500 | 12 Feb 2016 |
| £51,000 | 11 Feb 2015 |
| £48,000 | 25 Jun 2004 |
| £35,000 | 26 Mar 2004 |
| £19,500 | 30 Jan 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 February 2016 the House Price Index for TYNE AND WEAR was 108.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 34.770%.Applying this 34.770% change to the original purchase price of £53,000 results in an estimated price of approximately £71,427.
| 12 Feb 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.9 | 146.7 | 34.770 % | £53,000 | £18,427 | £71,427 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 34.551 % | £18,312 | £71,312 |
| 3 Month Average | 23.477 % | £12,442 | £65,442 |
| 6 Month Average | 21.735 % | £11,519 | £64,519 |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 15 Dec 2008.
The average size of a house on MURRAYFIELD ROAD is 66 sq meters (716 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Murrayfield Road |
| Feb 2024 | Anti-social behaviour | On or near Heathfield Crescent | |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Heathfield Crescent |
| Feb 2024 | Anti-social behaviour | On or near Heathfield Crescent | |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Heathfield Crescent |