£6,431
This estimated value is based upon the latest sale price for the house of £5,650 on 28 May 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £5,650 | 28 May 2021 |
| £66,300 | 4 Jun 1999 |
| Freehold |
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 May 2021 the House Price Index for TYNE AND WEAR was 131.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 13.840%.Applying this 13.840% change to the original purchase price of £5,650 results in an estimated price of approximately £6,431.
| 28 May 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 131.5 | 149.7 | 13.840 % | £5,650 | £781 | £6,431 |
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 | 10.774 % | £608 | £6,258 |
| 3 Month Average | 15.084 % | £852 | £6,502 |
| 6 Month Average | 16.645 % | £940 | £6,590 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £41,042 | £40,000 | 21 MERRINGTON CLOSE |
| 20 Nov 2023 | £82,084 | £80,000 | 22 MARLESFORD CLOSE |
| 10 Aug 2023 | £74,341 | £73,000 | 16 MARBURY CLOSE |
| 9 Jun 2023 | £178,579 | £175,000 | 1 MARBURY CLOSE |
| 4 Apr 2023 | £185,469 | £182,000 | 3 MARLESFORD CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Criminal damage and arson | Under investigation | On or near Marbury Close |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Milcombe Close |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Milcombe Close |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Milcombe Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Merrion Close |