£127,337
This estimated value is based upon the latest sale price for the house of £75,000 on 26 Oct 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £75,000 | 26 Oct 2012 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 759 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 2012 the House Price Index for TYNE AND WEAR was 87.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.783%.Applying this 69.783% change to the original purchase price of £75,000 results in an estimated price of approximately £127,337.
| 26 Oct 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 148.6 | 69.783 % | £75,000 | £52,337 | £127,337 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 22.413 % | £16,810 | £91,810 |
| 3 Month Average | 41.709 % | £31,281 | £106,281 |
| 6 Month Average | 40.751 % | £30,563 | £105,563 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Sep 2023 | £137,761 | £136,000 | 62 MORWICK ROAD |
| 14 Jul 2023 | £146,978 | £145,000 | 128 MORWICK ROAD |
| 31 Jan 2023 | £39,811 | £39,999 | 38 MORWICK ROAD |
| 17 Mar 2022 | £124,351 | £120,000 | 59 MORWICK ROAD |
| 4 Mar 2022 | £176,165 | £170,000 | 43 MORWICK ROAD |
This house has a floor area of 70 sq meters or 759 sq feet when measured on 28 Jan 2012. Using an estimated price of £127,337 means this house is valued at £1,803 per sq meter (£167 per sq foot).
The average size of a house on MORWICK ROAD is 85 sq meters (916 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Morwick Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Morwick Road |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Morwick Road |
| Dec 2023 | Public order | Under investigation | On or near Morwick Road |
| Mar 2024 | Anti-social behaviour | On or near Weldon Place |