£190,560
This estimated value is based upon the latest sale price for the house of £147,000 on 30 May 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 Merevale Close
More crime details
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| Price Paid | Date |
|---|---|
| £147,000 | 30 May 2017 |
| £163,000 | 12 Jul 2007 |
| £63,000 | 22 Dec 1997 |
| Detached |
| Freehold |
| Floor Area: 76 sq meters or 823 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 May 2017 the House Price Index for TYNE AND WEAR was 115.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.633%.Applying this 29.633% change to the original purchase price of £147,000 results in an estimated price of approximately £190,560.
| 30 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 149.7 | 29.633 % | £147,000 | £43,560 | £190,560 |
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 | -83.982 % | £-123,453 | £23,546 |
| 3 Month Average | -5.388 % | £-7,920 | £139,079 |
| 6 Month Average | 13.561 % | £19,934 | £166,934 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2023 | £321,004 | £315,000 | 16 MARWELL DRIVE |
| 18 Mar 2022 | £177,469 | £170,000 | 26 MARWELL DRIVE |
| 21 Jan 2022 | £689,129 | £650,000 | 13 USWORTH HALL |
| 5 Nov 2021 | £187,397 | £172,000 | 71 MARWELL DRIVE |
| 2 Nov 2021 | £185,164 | £169,950 | 48 MARWELL DRIVE |
This house has a floor area of 76 sq meters or 823 sq feet when measured on 17 Aug 2010. Using an estimated price of £190,560 means this house is valued at £2,490 per sq meter (£231 per sq foot).
The average size of a house on MARWELL DRIVE is 88 sq meters (957 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 |
| May 2024 | Anti-social behaviour | On or near Whitbourne Close | |
| May 2024 | Anti-social behaviour | On or near Whitbourne Close | |
| May 2024 | Anti-social behaviour | On or near Whitbourne Close |