£200,161
This estimated value is based upon the latest sale price for the house of £150,000 on 18 Oct 2016. 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 Merevale Close
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| Price Paid | Date |
|---|---|
| £150,000 | 18 Oct 2016 |
| £150,000 | 6 Nov 2009 |
| £59,950 | 14 Jan 2000 |
| £56,950 | 7 Apr 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 905 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 October 2016 the House Price Index for TYNE AND WEAR was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £150,000 results in an estimated price of approximately £200,161.
| 18 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £150,000 | £50,161 | £200,161 |
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 | -83.401 % | £-125,102 | £24,897 |
| 3 Month Average | -17.855 % | £-26,781 | £123,218 |
| 6 Month Average | -12.565 % | £-18,848 | £131,151 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2023 | £321,004 | £315,000 | 16 MARWELL DRIVE |
| 15 Nov 2022 | £171,199 | £172,000 | 9 MEREVALE CLOSE |
| 25 Mar 2022 | £162,854 | £156,000 | 4 MEREVALE CLOSE |
| 18 Mar 2022 | £177,469 | £170,000 | 26 MARWELL DRIVE |
| 11 Mar 2022 | £185,820 | £178,000 | 12 MEREVALE CLOSE |
This house has a floor area of 84 sq meters or 905 sq feet when measured on 8 Sep 2009. Using an estimated price of £200,162 means this house is valued at £2,380 per sq meter (£221 per sq foot).
The average size of a house on MEREVALE CLOSE is 152 sq meters (1,644 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Other theft | Under investigation | On or near Merevale Close |
| May 2024 | Burglary | Investigation complete; no suspect identified | On or near Merevale Close |
| Jun 2024 | Public order | Under investigation | On or near Barton Close |
| May 2024 | Public order | Under investigation | On or near Barton Close |
| May 2024 | Burglary | Investigation complete; no suspect identified | On or near Waterloo Road |