£148,747
This estimated value is based upon the latest sale price for the house of £117,000 on 17 Oct 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 |
|---|---|
| £117,000 | 17 Oct 2017 |
| £30,500 | 22 Dec 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 688 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 2017 the House Price Index for TYNE AND WEAR was 117.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.134%.Applying this 27.134% change to the original purchase price of £117,000 results in an estimated price of approximately £148,747.
| 17 Oct 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 149.7 | 27.134 % | £117,000 | £31,747 | £148,747 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 54.925 % | £64,262 | £181,262 |
| 3 Month Average | 39.742 % | £46,497 | £163,497 |
| 6 Month Average | 35.844 % | £41,937 | £158,937 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £203,673 | £200,000 | 2 BELVEDERE AVENUE |
| 19 Oct 2022 | £271,095 | £272,000 | 7 ABBOTSFORD PARK |
| 6 Oct 2022 | £276,078 | £277,000 | 9 WAVERLEY AVENUE |
| 19 Aug 2022 | £429,609 | £427,600 | 43 MELROSE AVENUE |
| 27 May 2022 | £174,547 | £170,000 | 32 NORHAM ROAD |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 15 Aug 2013. Using an estimated price of £148,747 means this house is valued at £2,324 per sq meter (£215 per sq foot).
The average size of a house on MARMION TERRACE is 79 sq meters (852 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Public order | Under investigation | On or near Marmion Terrace |
| Jul 2024 | Anti-social behaviour | On or near Marmion Terrace | |
| Jul 2024 | Anti-social behaviour | On or near Marmion Terrace | |
| Jul 2024 | Anti-social behaviour | On or near Marmion Terrace | |
| Jul 2024 | Anti-social behaviour | On or near Marmion Terrace |