£284,377
This estimated value is based upon the latest sale price for the house of £220,000 on 13 Apr 2017. 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 Marden Crescent
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| Price Paid | Date |
|---|---|
| £220,000 | 13 Apr 2017 |
| Terraced |
| Freehold |
| Floor Area: 200 sq meters or 2,152 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 2017 the House Price Index for TYNE AND WEAR was 115.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.262%.Applying this 29.262% change to the original purchase price of £220,000 results in an estimated price of approximately £284,377.
| 13 Apr 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.0 | 148.6 | 29.262 % | £220,000 | £64,377 | £284,377 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 9.665 % | £21,263 | £241,263 |
| 3 Month Average | 29.460 % | £64,811 | £284,811 |
| 6 Month Average | 22.410 % | £49,301 | £269,301 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £348,328 | £343,640 | 5 WHITLEY ROAD |
| 24 Mar 2023 | £423,995 | £420,000 | 18 WHITLEY ROAD |
| 2 Feb 2023 | £186,375 | £186,500 | 25 MARGARET ROAD |
| 20 Jan 2023 | £218,969 | £220,000 | 10 GRAFTON ROAD |
| 13 Jan 2023 | £175,175 | £176,000 | 72 MARGARET ROAD |
This house has a floor area of 200 sq meters or 2,152 sq feet when measured on 3 Jul 2014. Using an estimated price of £284,377 means this house is valued at £1,421 per sq meter (£132 per sq foot).
The average size of a house on WHITLEY ROAD is 103 sq meters (1,110 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Marden Crescent |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Marden Crescent |
| Apr 2024 | Anti-social behaviour | On or near John Street | |
| Apr 2024 | Anti-social behaviour | On or near John Street | |
| Mar 2024 | Anti-social behaviour | On or near John Street |