£264,930
This estimated value is based upon the latest sale price for the house of £215,000 on 29 May 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 |
|---|---|
| £215,000 | 29 May 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 May 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £215,000 results in an estimated price of approximately £264,930.
| 29 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.224 % | £215,000 | £49,930 | £264,930 |
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 | 38.005 % | £81,710 | £296,710 |
| 3 Month Average | 63.687 % | £136,926 | £351,926 |
| 6 Month Average | 36.286 % | £78,013 | £293,013 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Oct 2023 | £227,671 | £222,500 | 59 THORNTREE DRIVE |
| 17 Jan 2022 | £233,244 | £220,000 | 23 MARINA DRIVE |
| 13 Sep 2021 | £276,820 | £255,000 | 18 MARINA DRIVE |
| 4 Dec 2020 | £246,273 | £213,000 | 36 FAIRFIELD GREEN |
| 6 Nov 2020 | £254,610 | £218,000 | 5 MARINA DRIVE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 19 Feb 2020. Using an estimated price of £264,931 means this house is valued at £3,116 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 |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Braemar Gardens | |
| Aug 2024 | Anti-social behaviour | On or near Braemar Gardens | |
| Aug 2024 | Anti-social behaviour | On or near Braemar Gardens | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Fairfield Green |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Fairfield Green |