£399,075
This estimated value is based upon the latest sale price for the house of £327,500 on 7 Feb 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 |
|---|---|
| £327,500 | 7 Feb 2020 |
| Detached |
| Freehold |
| Floor Area: 168 sq meters or 1,808 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 February 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 21.855%.Applying this 21.855% change to the original purchase price of £327,500 results in an estimated price of approximately £399,075.
| 7 Feb 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.0 | 21.855 % | £327,500 | £71,575 | £399,075 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | -40.227 % | £-131,742 | £195,757 |
| 3 Month Average | 20.912 % | £68,487 | £395,987 |
| 6 Month Average | 19.555 % | £64,044 | £391,544 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £112,121 | £110,000 | 18 BAINFORD AVENUE |
| 30 Nov 2023 | £207,666 | £205,000 | 41 COUNTESS DRIVE |
| 29 Aug 2023 | £308,878 | £307,000 | 4A BRIGNALL GARDENS |
| 7 Jul 2023 | £156,480 | £155,000 | 564 WEST ROAD |
| 4 Jul 2023 | £40,382 | £40,000 | 24 DENTON COURT SILVER LONNEN |
This house has a floor area of 168 sq meters or 1,808 sq feet when measured on 5 Sep 2019. Using an estimated price of £399,075 means this house is valued at £2,375 per sq meter (£220 per sq foot).
The average size of a house on THORNTREE DRIVE is 127 sq meters (1,368 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Countess Drive |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Countess Drive |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Baroness Drive |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Baroness Drive |
| Apr 2024 | Vehicle crime | Under investigation | On or near Thorntree Drive |