£183,082
This estimated value is based upon the latest sale price for the house of £149,000 on 27 Jan 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £149,000 | 27 Jan 2020 |
| £59,950 | 9 Jul 1999 |
| Semi-Detached |
| Leasehold |
| Floor Area: 84 sq meters or 904 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 2020 the House Price Index for TYNE AND WEAR was 121.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 22.874%.Applying this 22.874% change to the original purchase price of £149,000 results in an estimated price of approximately £183,082.
| 27 Jan 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 149.7 | 22.874 % | £149,000 | £34,082 | £183,082 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 27.734 % | £41,323 | £190,323 |
| 3 Month Average | 15.971 % | £23,796 | £172,796 |
| 6 Month Average | -3.444 % | £-5,131 | £143,868 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £82,084 | £80,000 | 22 MARLESFORD CLOSE |
| 8 Sep 2022 | £196,868 | £197,000 | 9 MAIDSTONE CLOSE |
| 25 Aug 2022 | £130,611 | £130,000 | 26 MANSTON CLOSE |
| 25 Feb 2022 | £163,223 | £154,500 | 8 MATFEN DRIVE |
| 23 Feb 2022 | £269,397 | £255,000 | 11 MILCOMBE CLOSE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 15 Apr 2019. Using an estimated price of £183,083 means this house is valued at £2,179 per sq meter (£202 per sq foot).
The average size of a house on MORPETH DRIVE is 139 sq meters (1,505 sq feet).
This house is the smallest in the street with a floor area of 84 sq meters (904 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Morpeth Drive |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Morpeth Drive |
| Jul 2024 | Anti-social behaviour | On or near Merrion Close | |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Merrion Close |
| Jun 2024 | Other theft | Under investigation | On or near Melsonby Close |