£256,042
This estimated value is based upon the latest sale price for the house of £185,000 on 14 Dec 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £185,000 | 14 Dec 2015 |
| £200,000 | 20 Nov 2015 |
| £212,000 | 15 Dec 2014 |
| £140,191 | 15 May 2007 |
| Detached |
| Freehold |
| Floor Area: 125 sq meters or 1,350 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 December 2015 the House Price Index for TYNE AND WEAR was 107.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 38.401%.Applying this 38.401% change to the original purchase price of £185,000 results in an estimated price of approximately £256,042.
| 14 Dec 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 148.6 | 38.401 % | £185,000 | £71,042 | £256,042 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 5.753 % | £10,642 | £195,642 |
| 3 Month Average | 18.302 % | £33,858 | £218,858 |
| 6 Month Average | 21.118 % | £39,068 | £224,068 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £101,781 | £100,000 | 11 HAMPSHIRE WAY |
| 17 Feb 2023 | £164,889 | £165,000 | 11 FULWELL AVENUE |
| 22 Apr 2022 | £164,768 | £160,000 | 13 WALWORTH AVENUE |
| 21 Feb 2022 | £161,499 | £154,000 | 11 WALWORTH AVENUE |
| 7 Feb 2022 | £141,574 | £135,000 | 70 MARSDEN LANE |
This house has a floor area of 125 sq meters or 1,350 sq feet when measured on 27 Feb 2009. Using an estimated price of £256,043 means this house is valued at £2,040 per sq meter (£189 per sq foot).
The average size of a house on MARSDEN LANE is 105 sq meters (1,135 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hampshire Way |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Hampshire Way |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Hampshire Way |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Hampshire Way |
| Feb 2024 | Anti-social behaviour | On or near Walworth Avenue |