£82,555
This estimated value is based upon the latest sale price for the house of £65,000 on 29 Aug 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 |
|---|---|
| £65,000 | 29 Aug 2017 |
| £89,950 | 22 Dec 2004 |
| Terraced |
| Freehold |
| Floor Area: 129 sq meters or 1,388 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 August 2017 the House Price Index for TYNE AND WEAR was 117.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.009%.Applying this 27.009% change to the original purchase price of £65,000 results in an estimated price of approximately £82,555.
| 29 Aug 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 148.6 | 27.009 % | £65,000 | £17,555 | £82,555 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | -5.709 % | £-3,711 | £61,288 |
| 3 Month Average | 7.902 % | £5,136 | £70,136 |
| 6 Month Average | 15.245 % | £9,909 | £74,909 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Aug 2023 | £70,618 | £70,000 | 63 ANCONA STREET |
| 5 Aug 2022 | £49,866 | £50,000 | 2 FLORIDA STREET |
| 14 Jun 2022 | £49,195 | £48,500 | 18 FLORIDA STREET |
| 11 Mar 2022 | £72,538 | £70,000 | 48 ANCONA STREET |
| 19 Nov 2021 | £64,891 | £60,000 | 19 ANCONA STREET |
This house has a floor area of 129 sq meters or 1,388 sq feet when measured on 29 Apr 2016. Using an estimated price of £82,556 means this house is valued at £639 per sq meter (£59 per sq foot).
The average size of a house on MERLE TERRACE is 109 sq meters (1,181 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Enfield Street |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Enfield Street |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Florida Street |
| Feb 2024 | Other crime | Under investigation | On or near Florida Street |