£163,950
This estimated value is based upon the latest sale price for the house of £130,050 on 30 Nov 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£130,050 | 30 Nov 2017 |
£44,500 | 26 Jul 1996 |
Semi-Detached |
Freehold |
Floor Area: 100 sq meters or 1,076 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 November 2017 the House Price Index for TYNE AND WEAR was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £130,050 results in an estimated price of approximately £163,950.
30 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.9 | 148.6 | 26.067 % | £130,050 | £33,900 | £163,950 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -14.934 % | £-19,421 | £110,628 |
3 Month Average | 2.792 % | £3,630 | £133,680 |
6 Month Average | 13.285 % | £17,277 | £147,327 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Dec 2023 | £173,027 | £170,000 | 10 THORNLEY ROAD |
8 Dec 2023 | £203,562 | £200,000 | 10 COLTON ROW |
3 Nov 2023 | £137,029 | £135,000 | 9 MORLEY HILL ROAD |
26 Jun 2023 | £197,391 | £195,000 | 12 ALLENDALE COURT |
5 Apr 2023 | £119,284 | £118,000 | 3 HEDGELEY ROAD |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 24 Feb 2017. Using an estimated price of £163,950 means this house is valued at £1,639 per sq meter (£152 per sq foot).
The average size of a house on THORNLEY ROAD is 90 sq meters (977 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Thornley Road | |
Feb 2024 | Anti-social behaviour | On or near Thornley Road | |
Dec 2023 | Anti-social behaviour | On or near Thornley Road | |
Dec 2023 | Anti-social behaviour | On or near Thornley Road | |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Thornley Road |