£133,915
This estimated value is based upon the latest sale price for the house of £131,500 on 31 Aug 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £131,500 | 31 Aug 2023 |
| £72,000 | 1 Jun 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 66 sq meters or 710 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 2023 the House Price Index for TYNE AND WEAR was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £131,500 results in an estimated price of approximately £133,915.
| 31 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £131,500 | £2,415 | £133,915 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 15.046 % | £19,785 | £151,285 |
| 3 Month Average | 15.624 % | £20,546 | £152,046 |
| 6 Month Average | 2.050 % | £2,695 | £134,195 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £152,341 | £150,000 | 26 NORHAM TERRACE |
| 24 Oct 2023 | £193,392 | £189,000 | 19 NORHAM TERRACE |
| 22 Sep 2023 | £166,674 | £163,000 | 45 LANGLEY TERRACE |
| 31 Aug 2023 | £133,915 | £131,500 | 7 MORPETH AVENUE |
| 25 Aug 2023 | £154,792 | £152,000 | 47 LANGLEY TERRACE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 10 Mar 2017. Using an estimated price of £133,915 means this house is valued at £2,029 per sq meter (£188 per sq foot).
The average size of a house on MORPETH AVENUE is 109 sq meters (1,173 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Chipchase Terrace |
| Aug 2024 | Burglary | Under investigation | On or near Morpeth Avenue |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Morpeth Avenue |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Morpeth Avenue |
| Oct 2024 | Anti-social behaviour | On or near Beaufront Terrace |