£130,794
This estimated value is based upon the latest sale price for the house of £110,000 on 13 Mar 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 |
|---|---|
| £110,000 | 13 Mar 2020 |
| £117,000 | 10 Jul 2009 |
| £117,500 | 28 Jan 2005 |
| £55,950 | 31 Mar 2000 |
| £49,500 | 16 Dec 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 61 sq meters or 656 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 March 2020 the House Price Index for TYNE AND WEAR was 123.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 18.904%.Applying this 18.904% change to the original purchase price of £110,000 results in an estimated price of approximately £130,794.
| 13 Mar 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 146.7 | 18.904 % | £110,000 | £20,794 | £130,794 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | 1.928 % | £2,120 | £112,120 |
| 3 Month Average | 20.228 % | £22,250 | £132,250 |
| 6 Month Average | 23.261 % | £25,586 | £135,586 |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 25 Jun 2019.
The average size of a house on MORGANS WAY is 79 sq meters (855 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Morgans Way | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Iris Close |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Iris Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Black Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Ness Court |