£265,005
This estimated value is based upon the latest sale price for the house of £175,000 on 14 Aug 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £175,000 | 14 Aug 2014 |
| £34,500 | 8 Nov 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 129 sq meters or 1,388 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 2014 the House Price Index for TYNE AND WEAR was 98.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 51.432%.Applying this 51.432% change to the original purchase price of £175,000 results in an estimated price of approximately £265,005.
| 14 Aug 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 148.6 | 51.432 % | £175,000 | £90,005 | £265,005 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 88.595 % | £155,040 | £330,040 |
| 3 Month Average | -9.231 % | £-16,154 | £158,845 |
| 6 Month Average | 10.250 % | £17,937 | £192,937 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £162,849 | £160,000 | 1 GARDEN DRIVE |
| 18 Aug 2023 | £95,833 | £94,995 | 2 ALFRED STREET |
| 22 Mar 2023 | £136,284 | £135,000 | 147 VICTORIA ROAD WEST |
| 28 Apr 2022 | £278,046 | £270,000 | 72 NORTH DRIVE |
| 4 Mar 2022 | £219,688 | £212,000 | 18 NORTH FARM ROAD |
This house has a floor area of 129 sq meters or 1,388 sq feet when measured on 10 Aug 2012. Using an estimated price of £265,006 means this house is valued at £2,054 per sq meter (£190 per sq foot).
The average size of a house on THARSIS ROAD is 92 sq meters (996 sq feet).
This house is the largest in the street with a floor area of 129 sq meters (1,388 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Garden Drive |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Garden Drive |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Kent Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Kent Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Kent Avenue |