£316,719
This estimated value is based upon the latest sale price for the house of £260,000 on 3 Jul 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 |
|---|---|
| £260,000 | 3 Jul 2020 |
| £231,000 | 18 Aug 2017 |
| £203,680 | 26 Aug 2014 |
| Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 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 July 2020 the House Price Index for TYNE AND WEAR was 122.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.815%.Applying this 21.815% change to the original purchase price of £260,000 results in an estimated price of approximately £316,719.
| 3 Jul 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 149.7 | 21.815 % | £260,000 | £56,719 | £316,719 |
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 | 15.106 % | £39,274 | £299,274 |
| 3 Month Average | 19.511 % | £50,729 | £310,729 |
| 6 Month Average | 38.006 % | £98,815 | £358,815 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Sep 2024 | £312,000 | £312,000 | 125 THORNTREE DRIVE |
| 8 Mar 2024 | £86,326 | £85,000 | 15 WILTON MANSE THORNTREE DRIVE |
| 8 Dec 2023 | £75,314 | £73,000 | 7 WILTON MANSE THORNTREE DRIVE |
| 1 Dec 2023 | £61,902 | £60,000 | FLAT 30 WILTON MANSE(APU) THORNTREE DRIVE |
| 27 Oct 2023 | £378,599 | £370,000 | 8 LUDLOW DRIVE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 31 Jan 2017. Using an estimated price of £316,720 means this house is valued at £3,599 per sq meter (£334 per sq foot).
The average size of a house on THORNTREE CLOSE is 105 sq meters (1,137 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Thorntree Close |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Thorntree Close |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Harewood Crescent |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Harewood Crescent |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Harewood Crescent |