£232,906
This estimated value is based upon the latest sale price for the house of £189,000 on 12 Oct 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£189,000 | 12 Oct 2018 |
£126,000 | 1 Aug 2003 |
Terraced |
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 October 2018 the House Price Index for TYNE AND WEAR was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £189,000 results in an estimated price of approximately £232,906.
12 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.6 | 148.6 | 23.231 % | £189,000 | £43,906 | £232,906 |
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 | 13.525 % | £25,563 | £214,563 |
3 Month Average | 19.951 % | £37,707 | £226,707 |
6 Month Average | 10.681 % | £20,187 | £209,187 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Sep 2023 | £263,367 | £260,000 | 62 THORNTREE DRIVE |
8 Apr 2022 | £345,755 | £335,750 | 70 MARINA DRIVE |
4 Apr 2022 | £308,940 | £300,000 | 96 THORNTREE DRIVE |
16 Mar 2022 | £269,428 | £260,000 | 109 MARINA DRIVE |
8 Feb 2022 | £319,852 | £305,000 | 89 MARINA DRIVE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 4 May 2017. Using an estimated price of £232,906 means this house is valued at £3,696 per sq meter (£343 per sq foot).
The average size of a house on THORNTREE DRIVE is 74 sq meters (799 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Thorntree Drive |
Apr 2024 | Anti-social behaviour | On or near Sandringham Drive | |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Thorntree Close |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Thorntree Close |
Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Thorntree Close |