£74,444
This estimated value is based upon the latest sale price for the house of £40,000 on 8 Apr 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There have been four burglaries within the last year on or near Macdonald Road
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| Price Paid | Date |
|---|---|
| £40,000 | 8 Apr 2005 |
| £30,000 | 24 Sep 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 April 2005 the House Price Index for TYNE AND WEAR was 79.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 86.110%.Applying this 86.110% change to the original purchase price of £40,000 results in an estimated price of approximately £74,444.
| 8 Apr 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.8 | 148.6 | 86.110 % | £40,000 | £34,444 | £74,444 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 60.125 % | £24,050 | £64,050 |
| 3 Month Average | 56.339 % | £22,535 | £62,535 |
| 6 Month Average | 67.493 % | £26,997 | £66,997 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Jun 2023 | £40,489 | £39,999 | 25 ST JAMES CRESCENT |
| 1 Jun 2023 | £40,489 | £39,999 | 23 ST JAMES CRESCENT |
| 1 Jun 2023 | £65,797 | £65,000 | 21 ST JAMES CRESCENT |
| 28 Apr 2023 | £50,544 | £50,000 | 106 BILBROUGH GARDENS |
| 23 Jan 2023 | £56,733 | £57,000 | 6 BILBROUGH GARDENS |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 27 Oct 2017. Using an estimated price of £74,444 means this house is valued at £1,240 per sq meter (£115 per sq foot).
The average size of a house on MACDONALD ROAD is 66 sq meters (710 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Macdonald Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Macdonald Road |
| Jan 2024 | Burglary | Awaiting court outcome | On or near Macdonald Road |
| Jan 2024 | Burglary | Under investigation | On or near Macdonald Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Macdonald Road |