£98,025
This estimated value is based upon the latest sale price for the house of £66,500 on 11 Mar 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £66,500 | 11 Mar 2015 |
| £98,950 | 2 Nov 2007 |
| £83,500 | 3 Dec 2004 |
| £46,950 | 8 Nov 2002 |
| £38,000 | 2 Nov 2001 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 699 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 March 2015 the House Price Index for TYNE AND WEAR was 100.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 47.407%.Applying this 47.407% change to the original purchase price of £66,500 results in an estimated price of approximately £98,025.
| 11 Mar 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.8 | 148.6 | 47.407 % | £66,500 | £31,525 | £98,025 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 53.391 % | £35,505 | £102,005 |
| 3 Month Average | 12.933 % | £8,600 | £75,100 |
| 6 Month Average | 8.040 % | £5,346 | £71,846 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £127,226 | £125,000 | 33 CEDAR TERRACE |
| 9 Nov 2023 | £42,124 | £41,500 | 2 BLUMER STREET |
| 29 Sep 2023 | £64,829 | £64,000 | 60 STATION AVENUE NORTH |
| 8 Sep 2023 | £105,347 | £104,000 | 31 GRANGE AVENUE |
| 29 Aug 2023 | £45,397 | £45,000 | 3 BLUMER STREET |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 8 Aug 2011. Using an estimated price of £98,026 means this house is valued at £1,508 per sq meter (£140 per sq foot).
The average size of a house on MORLEY TERRACE is 85 sq meters (918 sq feet).
This house is the smallest in the street with a floor area of 65 sq meters (699 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Morley Terrace |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Morley Terrace |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Front Street |
| Jan 2024 | Robbery | Investigation complete; no suspect identified | On or near Front Street |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Front Street |