£68,964
This estimated value is based upon the latest sale price for the house of £58,000 on 11 Mar 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 |
|---|---|
| £58,000 | 11 Mar 2020 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 893 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 March 2020 the House Price Index for TYNE AND WEAR was 123.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 18.904%.Applying this 18.904% change to the original purchase price of £58,000 results in an estimated price of approximately £68,964.
| 11 Mar 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 146.7 | 18.904 % | £58,000 | £10,964 | £68,964 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 80.922 % | £46,934 | £104,934 |
| 3 Month Average | 13.864 % | £8,041 | £66,041 |
| 6 Month Average | -15.728 % | £-9,121 | £48,878 |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 17 Aug 2018.
The average size of a house on MORECAMBE PARADE is 130 sq meters (1,407 sq feet).
This house is the smallest in the street with a floor area of 83 sq meters (893 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Morecambe Parade |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Morecambe Parade |
| Jan 2024 | Anti-social behaviour | On or near Morecambe Parade | |
| Jan 2024 | Anti-social behaviour | On or near Morecambe Parade | |
| Jan 2024 | Anti-social behaviour | On or near Morecambe Parade |