£46,307
This estimated value is based upon the latest sale price for the house of £39,000 on 29 Sep 2020. 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
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| Price Paid | Date |
|---|---|
| £39,000 | 29 Sep 2020 |
| £35,750 | 11 Aug 2020 |
| £72,500 | 24 Apr 2006 |
| £51,785 | 9 Sep 2005 |
| £36,500 | 26 Mar 2004 |
| £36,500 | 26 Mar 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 516 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 September 2020 the House Price Index for TYNE AND WEAR was 125.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 18.738%.Applying this 18.738% change to the original purchase price of £39,000 results in an estimated price of approximately £46,307.
| 29 Sep 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.6 | 18.738 % | £39,000 | £7,307 | £46,307 |
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 | -3.265 % | £-1,273 | £37,726 |
| 3 Month Average | -7.838 % | £-3,056 | £35,943 |
| 6 Month Average | 1.153 % | £449 | £39,449 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £117,000 | £117,000 | 35 HEATHFIELD CRESCENT |
| 20 Apr 2023 | £44,479 | £44,000 | 15 HEATHFIELD CRESCENT |
| 3 Apr 2023 | £52,566 | £52,000 | 14 MURRAYFIELD ROAD |
| 14 Mar 2023 | £90,856 | £90,000 | 21 HEATHFIELD CRESCENT |
| 10 Mar 2023 | £74,704 | £74,000 | 33 HEATHFIELD CRESCENT |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 1 Jul 2020. Using an estimated price of £46,308 means this house is valued at £964 per sq meter (£89 per sq foot).
The average size of a house on MURRAYFIELD ROAD is 66 sq meters (712 sq feet).
This house is the smallest in the street with a floor area of 48 sq meters (516 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 |