£239,652
This estimated value is based upon the latest sale price for the house of £154,000 on 6 Jul 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £154,000 | 6 Jul 2007 |
| £152,000 | 17 Jun 2005 |
| £63,000 | 27 Jun 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 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 July 2007 the House Price Index for TYNE AND WEAR was 94.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 55.619%.Applying this 55.619% change to the original purchase price of £154,000 results in an estimated price of approximately £239,652.
| 6 Jul 2007 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.3 | 146.7 | 55.619 % | £154,000 | £85,652 | £239,652 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -43.410 % | £-66,850 | £87,149 |
| 3 Month Average | -49.998 % | £-76,997 | £77,002 |
| 6 Month Average | -11.489 % | £-17,692 | £136,307 |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 11 Nov 2014.
The average size of a house on MARWELL DRIVE is 88 sq meters (957 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Merevale Close |
| Jan 2024 | Anti-social behaviour | On or near Merevale Close | |
| Jan 2024 | Anti-social behaviour | On or near Merevale Close | |
| Jan 2024 | Anti-social behaviour | On or near Merevale Close | |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Merevale Close |