£286,244
This estimated value is based upon the latest sale price for the house of £245,000 on 30 Oct 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 |
|---|---|
| £245,000 | 30 Oct 2020 |
| £89,950 | 3 Sep 1996 |
| Detached |
| Freehold |
| Floor Area: 120 sq meters or 1,291 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 2020 the House Price Index for TYNE AND WEAR was 126.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 16.835%.Applying this 16.835% change to the original purchase price of £245,000 results in an estimated price of approximately £286,244.
| 30 Oct 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.0 | 16.835 % | £245,000 | £41,244 | £286,244 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | -45.860 % | £-112,355 | £132,644 |
| 3 Month Average | 3.709 % | £9,085 | £254,085 |
| 6 Month Average | -8.218 % | £-20,135 | £224,864 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Feb 2023 | £101,520 | £102,000 | 38 CULLERCOATS ROAD |
| 28 Sep 2022 | £1,876,660 | £1,899,484 | TOWN CENTRE GARAGE FERRYBOAT LANE |
| 10 Jun 2022 | £123,249 | £122,000 | 57 CASPIAN ROAD |
| 27 Apr 2022 | £194,872 | £190,000 | 25 MACMERRY CLOSE |
| 19 Nov 2021 | £253,130 | £235,000 | 5 MACMERRY CLOSE |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 22 Jul 2020. Using an estimated price of £286,245 means this house is valued at £2,385 per sq meter (£221 per sq foot).
The average size of a house on MACMERRY CLOSE is 116 sq meters (1,250 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Macmerry Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Macmerry Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Macmerry Close |
| Jan 2024 | Other crime | Under investigation | On or near Macmerry Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Macmerry Close |