£24,938
This estimated value is based upon the latest sale price for the house of £13,400 on 29 Apr 2005. 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 |
---|---|
£13,400 | 29 Apr 2005 |
£130,000 | 5 Nov 2002 |
£249,000 | 14 Dec 2001 |
Flats/Maisonettes |
Freehold |
Floor Area: 73 sq meters or 785 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 2005 the House Price Index for TYNE AND WEAR was 79.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 86.110%.Applying this 86.110% change to the original purchase price of £13,400 results in an estimated price of approximately £24,938.
29 Apr 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
79.8 | 148.6 | 86.110 % | £13,400 | £11,538 | £24,938 |
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 | 79.497 % | £10,652 | £24,052 |
3 Month Average | 86.056 % | £11,531 | £24,931 |
6 Month Average | 78.316 % | £10,494 | £23,894 |
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 |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 8 Jun 2020. Using an estimated price of £24,939 means this house is valued at £341 per sq meter (£31 per sq foot).
The average size of a house on MARINE AVENUE is 217 sq meters (2,345 sq feet).
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 |