£72,412
This estimated value is based upon the latest sale price for the house of £62,000 on 27 Nov 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £62,000 | 27 Nov 2020 |
| £62,000 | 30 Jul 2004 |
| Semi-Detached |
| Leasehold |
| Floor Area: 39 sq meters or 419 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 November 2020 the House Price Index for TYNE AND WEAR was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £62,000 results in an estimated price of approximately £72,412.
| 27 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 149.7 | 16.794 % | £62,000 | £10,412 | £72,412 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | 19.040 % | £11,804 | £73,804 |
| 3 Month Average | 6.758 % | £4,189 | £66,189 |
| 6 Month Average | -1.323 % | £-820 | £61,179 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £96,119 | £94,000 | 16 MARSHAM CLOSE |
| 6 Sep 2023 | £255,584 | £249,950 | 7 NORTON WAY |
| 9 Jun 2023 | £244,908 | £240,000 | 4 MAPLE CLOSE |
| 17 Apr 2023 | £489 | £480 | 10 NEPTUNE ROAD |
| 11 Nov 2022 | £71,167 | £71,500 | 3 MARSHAM CLOSE |
This house has a floor area of 39 sq meters or 419 sq feet when measured on 9 Mar 2020. Using an estimated price of £72,412 means this house is valued at £1,856 per sq meter (£172 per sq foot).
The average size of a house on MARSHAM CLOSE is 53 sq meters (571 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | Offender given a caution | On or near Norfolk Way |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Marsham Close |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Moorway Drive |
| Jun 2024 | Anti-social behaviour | On or near Moorway Drive | |
| Jun 2024 | Anti-social behaviour | On or near Moorway Drive |