£187,423
This estimated value is based upon the latest sale price for the house of £182,000 on 1 Apr 2022. 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 Marine Gardens
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| Price Paid | Date |
|---|---|
| £182,000 | 1 Apr 2022 |
| £106,000 | 31 Mar 2016 |
| £130,000 | 10 Apr 2015 |
| £95,000 | 6 Jun 2014 |
| £113,000 | 25 Jan 2006 |
| £93,000 | 27 May 2005 |
| £123,000 | 31 Mar 2005 |
| £80,000 | 15 Oct 2002 |
| £78,000 | 31 Jul 2002 |
| £65,000 | 4 Aug 2000 |
| Flats/Maisonettes |
| Leasehold |
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 2022 the House Price Index for TYNE AND WEAR was 144.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 2.980%.Applying this 2.980% change to the original purchase price of £182,000 results in an estimated price of approximately £187,423.
| 1 Apr 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 148.6 | 2.980 % | £182,000 | £5,423 | £187,423 |
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 | -40.500 % | £-73,709 | £108,290 |
| 3 Month Average | 8.032 % | £14,617 | £196,617 |
| 6 Month Average | 0.465 % | £846 | £182,846 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £490,622 | £486,000 | 47 MARINE AVENUE |
| 13 Mar 2023 | £252,327 | £249,950 | 50B MARINE AVENUE |
| 20 Jan 2023 | £189,109 | £190,000 | 37C MARINE AVENUE |
| 10 Aug 2022 | £199,463 | £200,000 | 52B MARINE AVENUE |
| 29 Jun 2022 | £278,942 | £275,000 | 3 MARINE GARDENS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Marine Gardens |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Marine Gardens |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Marine Gardens |
| Jan 2024 | Burglary | Under investigation | On or near Marine Gardens |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Marine Gardens |