£305,303
This estimated value is based upon the latest sale price for the house of £247,000 on 9 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 |
---|---|
£247,000 | 9 Sep 2019 |
£238,000 | 11 Jan 2018 |
£202,500 | 15 Apr 2014 |
£125,000 | 1 Nov 2002 |
£60,000 | 12 Dec 1997 |
Semi-Detached |
Freehold |
Floor Area: 105 sq meters or 1,130 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 £247,000 results in an estimated price of approximately £305,303.
9 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 149.7 | 23.605 % | £247,000 | £58,303 | £305,303 |
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 % | £-123,633 | £123,366 |
3 Month Average | 13.114 % | £32,391 | £279,391 |
6 Month Average | 4.784 % | £11,815 | £258,815 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Dec 2023 | £278,560 | £270,000 | 7 MELVILLE GARDENS |
4 Oct 2023 | £227,671 | £222,500 | 59 THORNTREE DRIVE |
17 Jan 2022 | £233,244 | £220,000 | 23 MARINA DRIVE |
13 Sep 2021 | £276,820 | £255,000 | 18 MARINA DRIVE |
4 Dec 2020 | £246,273 | £213,000 | 36 FAIRFIELD GREEN |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 27 Mar 2014. Using an estimated price of £305,303 means this house is valued at £2,907 per sq meter (£270 per sq foot).
The average size of a house on THORNTREE DRIVE is 74 sq meters (799 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Melville Gardens | |
May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Braemar Gardens |
May 2024 | Violence and sexual offences | Awaiting court outcome | On or near Braemar Gardens |
May 2024 | Violence and sexual offences | Awaiting court outcome | On or near Braemar Gardens |
Jul 2024 | Other theft | Under investigation | On or near Earsdon Road |