£280,130
This estimated value is based upon the latest sale price for the house of £212,800 on 27 Jan 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £212,800 | 27 Jan 2017 |
| £83,000 | 30 Apr 1999 |
| £75,000 | 6 Mar 1997 |
| Detached |
| Freehold |
| Floor Area: 114 sq meters or 1,227 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 January 2017 the House Price Index for TYNE AND WEAR was 113.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 31.640%.Applying this 31.640% change to the original purchase price of £212,800 results in an estimated price of approximately £280,130.
| 27 Jan 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 149.7 | 31.640 % | £212,800 | £67,330 | £280,130 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 1.269 % | £2,700 | £215,500 |
| 3 Month Average | 22.875 % | £48,678 | £261,478 |
| 6 Month Average | 2.965 % | £6,310 | £219,110 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2024 | £253,401 | £251,200 | 2 WROXTON |
| 14 Dec 2023 | £274,433 | £266,000 | 3 MELROSE |
| 1 Dec 2023 | £247,609 | £240,000 | 15 WROXTON |
| 11 Aug 2023 | £185,343 | £182,000 | 7 FINCHALE |
| 10 Aug 2023 | £280,051 | £275,000 | 5 BEAULY |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 1 Nov 2016. Using an estimated price of £280,130 means this house is valued at £2,457 per sq meter (£228 per sq foot).
The average size of a house on MELROSE is 132 sq meters (1,420 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Melrose |
| Aug 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Finchale |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Beauly |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Tintern |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Tintern |