£311,868
This estimated value is based upon the latest sale price for the house of £251,000 on 5 Jul 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £251,000 | 5 Jul 2019 |
| £158,500 | 26 Jun 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 139 sq meters or 1,496 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 July 2019 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.250%.Applying this 24.250% change to the original purchase price of £251,000 results in an estimated price of approximately £311,868.
| 5 Jul 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.250 % | £251,000 | £60,868 | £311,868 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | -30.938 % | £-77,654 | £173,345 |
| 3 Month Average | 33.380 % | £83,783 | £334,783 |
| 6 Month Average | 30.810 % | £77,331 | £328,331 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £181,793 | £179,000 | 47 MARGARET ROAD |
| 22 Mar 2024 | £181,793 | £179,000 | 45 MARGARET ROAD |
| 31 Oct 2023 | £173,951 | £170,000 | 9 ROCKCLIFFE STREET |
| 2 Feb 2023 | £187,754 | £186,500 | 25 MARGARET ROAD |
| 20 Jan 2023 | £220,589 | £220,000 | 10 GRAFTON ROAD |
This house has a floor area of 139 sq meters or 1,496 sq feet when measured on 22 Oct 2012. Using an estimated price of £311,869 means this house is valued at £2,243 per sq meter (£208 per sq foot).
The average size of a house on MARGARET ROAD is 83 sq meters (894 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Margaret Road |
| Sep 2024 | Anti-social behaviour | On or near Margaret Road | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Margaret Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Margaret Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Margaret Road |