£265,747
This estimated value is based upon the latest sale price for the house of £220,000 on 7 Aug 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Marsden Road
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| Price Paid | Date |
|---|---|
| £220,000 | 7 Aug 2020 |
| £170,000 | 27 Sep 2010 |
| Detached |
| Freehold |
| Floor Area: 86 sq meters or 925 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 2020 the House Price Index for TYNE AND WEAR was 123.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 20.794%.Applying this 20.794% change to the original purchase price of £220,000 results in an estimated price of approximately £265,747.
| 7 Aug 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 149.7 | 20.794 % | £220,000 | £45,747 | £265,747 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -17.484 % | £-38,464 | £181,535 |
| 3 Month Average | -3.854 % | £-8,479 | £211,520 |
| 6 Month Average | 13.298 % | £29,256 | £249,256 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £114,494 | £113,500 | 132 HARTON HOUSE ROAD |
| 14 Dec 2023 | £242,450 | £235,000 | 16 LISLE ROAD |
| 15 Nov 2023 | £191,870 | £187,000 | 71 MARSDEN ROAD |
| 15 Jun 2023 | £227,050 | £222,500 | 18 SUMMERHILL ROAD |
| 17 Mar 2023 | £173,904 | £171,000 | 59 MARSDEN ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 3 May 2012. Using an estimated price of £265,747 means this house is valued at £3,090 per sq meter (£287 per sq foot).
The average size of a house on MARSDEN ROAD is 93 sq meters (1,005 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Under investigation | On or near Marsden Road |
| Oct 2024 | Shoplifting | Under investigation | On or near Marsden Road |
| Sep 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Marsden Road |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Marsden Road |
| Sep 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Marsden Road |