£49,272
This estimated value is based upon the latest sale price for the house of £42,500 on 25 Nov 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 Morpeth Terrace
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Price Paid | Date |
---|---|
£42,500 | 25 Nov 2020 |
£26,650 | 12 May 1995 |
£15,000 | 12 Jan 1995 |
Flats/Maisonettes |
Leasehold |
Floor Area: 66 sq meters or 710 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 November 2020 the House Price Index for TYNE AND WEAR was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £42,500 results in an estimated price of approximately £49,272.
25 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
128.2 | 148.6 | 15.935 % | £42,500 | £6,772 | £49,272 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -3.839 % | £-1,631 | £40,868 |
3 Month Average | 9.518 % | £4,044 | £46,544 |
6 Month Average | 24.299 % | £10,327 | £52,827 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Dec 2023 | £68,193 | £67,000 | 55 BERWICK TERRACE |
14 Jul 2023 | £58,284 | £57,500 | 85 NORHAM ROAD |
24 Mar 2023 | £52,495 | £52,000 | 57 NORHAM ROAD |
24 Mar 2023 | £52,495 | £52,000 | 55 NORHAM ROAD |
10 Feb 2023 | £49,966 | £50,000 | 37 MORPETH TERRACE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 24 Oct 2018. Using an estimated price of £49,273 means this house is valued at £746 per sq meter (£69 per sq foot).
The average size of a house on BERWICK TERRACE is 79 sq meters (852 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Anti-social behaviour | On or near Morpeth Terrace | |
Mar 2024 | Criminal damage and arson | Under investigation | On or near Morpeth Terrace |
Feb 2024 | Vehicle crime | Awaiting court outcome | On or near Morpeth Terrace |
Feb 2024 | Burglary | Awaiting court outcome | On or near Morpeth Terrace |
Jan 2024 | Other crime | Under investigation | On or near Morpeth Terrace |