£98,115
This estimated value is based upon the latest sale price for the house of £80,000 on 27 Nov 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 |
|---|---|
| £80,000 | 27 Nov 2019 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 November 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.645%.Applying this 22.645% change to the original purchase price of £80,000 results in an estimated price of approximately £98,115.
| 27 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.645 % | £80,000 | £18,115 | £98,115 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 2.922 % | £2,337 | £82,337 |
| 3 Month Average | 21.004 % | £16,803 | £96,803 |
| 6 Month Average | 20.703 % | £16,562 | £96,562 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Sep 2023 | £99,269 | £98,000 | 40 CRAGSIDE AVENUE |
| 4 Sep 2023 | £124,087 | £122,500 | 17 CRAGSIDE AVENUE |
| 1 Sep 2023 | £177,267 | £175,000 | 61 NETHERTON AVENUE |
| 26 Jun 2023 | £172,084 | £170,000 | 21 NETHERTON AVENUE |
| 20 Jan 2023 | £179,156 | £180,000 | 23 CRAGSIDE AVENUE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 9 Apr 2019. Using an estimated price of £98,116 means this house is valued at £1,344 per sq meter (£124 per sq foot).
The average size of a house on THIRSTON PLACE is 116 sq meters (1,253 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Thirston Place |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Thropton Place |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Cragside Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cragside Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cragside Avenue |