£189,795
This estimated value is based upon the latest sale price for the house of £112,484 on 16 Mar 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £112,484 | 16 Mar 2012 |
| £122,000 | 9 Nov 2011 |
| £27,000 | 4 Apr 1996 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 841 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 March 2012 the House Price Index for TYNE AND WEAR was 86.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 68.731%.Applying this 68.731% change to the original purchase price of £112,484 results in an estimated price of approximately £189,795.
| 16 Mar 2012 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.9 | 146.7 | 68.731 % | £112,484 | £77,311 | £189,795 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | -2.919 % | £-3,283 | £109,200 |
| 3 Month Average | 15.533 % | £17,471 | £129,955 |
| 6 Month Average | 16.245 % | £18,272 | £130,756 |
This house has a floor area of 78 sq meters or 841 sq feet when measured on 21 Jul 2010.
The average size of a house on THARSIS ROAD is 92 sq meters (996 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Garden Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Kent Avenue |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Kent Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Kent Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Kent Avenue |