£196,563
This estimated value is based upon the latest sale price for the house of £162,000 on 20 Mar 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£162,000 | 20 Mar 2020 |
Semi-Detached |
Freehold |
Floor Area: 63 sq meters or 678 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 March 2020 the House Price Index for TYNE AND WEAR was 123.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.335%.Applying this 21.335% change to the original purchase price of £162,000 results in an estimated price of approximately £196,563.
20 Mar 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
123.4 | 149.7 | 21.335 % | £162,000 | £34,563 | £196,563 |
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 | -21.482 % | £-34,801 | £127,198 |
3 Month Average | 34.479 % | £55,855 | £217,855 |
6 Month Average | 14.654 % | £23,740 | £185,740 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Dec 2023 | £278,560 | £270,000 | 7 MELVILLE GARDENS |
4 Dec 2023 | £180,032 | £174,500 | 42 FAIRFIELD GREEN |
4 Oct 2023 | £227,671 | £222,500 | 59 THORNTREE DRIVE |
21 Aug 2023 | £269,867 | £265,000 | 24 MIDDLE GREEN |
30 Jan 2023 | £290,777 | £290,000 | 12 FAIRFIELD GREEN |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 1 Jul 2019. Using an estimated price of £196,563 means this house is valued at £3,120 per sq meter (£289 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 | |
Jul 2024 | Other theft | Under investigation | On or near Earsdon Road |
Jun 2024 | Anti-social behaviour | On or near Earsdon Road | |
Jun 2024 | Anti-social behaviour | On or near Earsdon Road | |
Jun 2024 | Anti-social behaviour | On or near Earsdon Road |