£321,372
This estimated value is based upon the latest sale price for the house of £260,000 on 24 Sep 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 |
---|---|
£260,000 | 24 Sep 2019 |
£237,950 | 5 Sep 2014 |
Semi-Detached |
Freehold |
Floor Area: 118 sq meters or 1,270 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 September 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.605%.Applying this 23.605% change to the original purchase price of £260,000 results in an estimated price of approximately £321,372.
24 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 149.7 | 23.605 % | £260,000 | £61,372 | £321,372 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | -50.054 % | £-130,140 | £129,859 |
3 Month Average | 13.114 % | £34,095 | £294,095 |
6 Month Average | 4.784 % | £12,437 | £272,437 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Mar 2024 | £86,326 | £85,000 | 15 WILTON MANSE THORNTREE DRIVE |
1 Dec 2023 | £61,902 | £60,000 | FLAT 30 WILTON MANSE(APU) THORNTREE DRIVE |
27 Oct 2023 | £378,599 | £370,000 | 8 LUDLOW DRIVE |
25 Aug 2023 | £256,629 | £252,000 | 128 THORNTREE DRIVE |
14 Apr 2023 | £198,717 | £195,000 | 118 THORNTREE DRIVE |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 19 May 2014. Using an estimated price of £321,372 means this house is valued at £2,723 per sq meter (£253 per sq foot).
The average size of a house on SANDRINGHAM CLOSE is 132 sq meters (1,429 sq feet).
This house is the largest in the street with a floor area of 118 sq meters (1,270 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Under investigation | On or near Sandringham Close |
May 2024 | Violence and sexual offences | Under investigation | On or near Sandringham Close |
Jun 2024 | Public order | Under investigation | On or near Wilton Drive |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Wilton Drive |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Sandringham Drive |