£247,675
This estimated value is based upon the latest sale price for the house of £159,950 on 20 Jun 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £159,950 | 20 Jun 2014 |
| £140,000 | 29 Feb 2012 |
| £150,000 | 29 Jun 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 80 sq meters or 869 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 June 2014 the House Price Index for TYNE AND WEAR was 96.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 54.845%.Applying this 54.845% change to the original purchase price of £159,950 results in an estimated price of approximately £247,675.
| 20 Jun 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 149.7 | 54.845 % | £159,950 | £87,725 | £247,675 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 57.184 % | £91,465 | £251,415 |
| 3 Month Average | 42.344 % | £67,728 | £227,678 |
| 6 Month Average | 43.708 % | £69,911 | £229,861 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Oct 2024 | £275,000 | £275,000 | 20 RIDLEY GROVE |
| 21 Jun 2024 | £165,000 | £165,000 | 119 MARSDEN ROAD |
| 10 Jun 2024 | £115,000 | £115,000 | 104 MARSDEN ROAD |
| 22 Sep 2023 | £199,396 | £195,000 | 42 WESTHOPE ROAD |
| 16 Jun 2023 | £341,851 | £335,000 | 28 RIDLEY GROVE |
This house has a floor area of 80 sq meters or 869 sq feet when measured on 16 Jan 2012. Using an estimated price of £247,675 means this house is valued at £3,066 per sq meter (£284 per sq foot).
The average size of a house on MARSDEN ROAD is 93 sq meters (1,005 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Awaiting court outcome | On or near Ridley Grove |
| Oct 2024 | Burglary | Under investigation | On or near Marsden Road |
| Oct 2024 | Shoplifting | Under investigation | On or near Marsden Road |
| Sep 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Marsden Road |
| Sep 2024 | Public order | Under investigation | On or near Marsden Road |