£266,123
This estimated value is based upon the latest sale price for the house of £235,500 on 28 May 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Thornhope Close
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Price Paid | Date |
---|---|
£235,500 | 28 May 2021 |
£187,000 | 20 Aug 2008 |
Detached |
Freehold |
Floor Area: 111 sq meters or 1,194 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 2021 the House Price Index for TYNE AND WEAR was 131.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 13.004%.Applying this 13.004% change to the original purchase price of £235,500 results in an estimated price of approximately £266,123.
28 May 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
131.5 | 148.6 | 13.004 % | £235,500 | £30,623 | £266,123 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 26.408 % | £62,190 | £297,690 |
3 Month Average | 13.708 % | £32,281 | £267,781 |
6 Month Average | 26.540 % | £62,500 | £298,000 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Dec 2023 | £194,401 | £191,000 | 21 THORNHOPE CLOSE |
6 Jul 2023 | £182,456 | £180,000 | 62 BURNHOPE ROAD |
30 Jun 2023 | £187,268 | £185,000 | 25 BURNHOPE ROAD |
4 Apr 2023 | £60,653 | £60,000 | 68 BARMSTON WAY |
3 Mar 2023 | £80,761 | £80,000 | 114 BARMSTON WAY |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 17 Dec 2018. Using an estimated price of £266,124 means this house is valued at £2,397 per sq meter (£222 per sq foot).
The average size of a house on THORNHOPE CLOSE is 88 sq meters (955 sq feet).
This house is the largest in the street with a floor area of 111 sq meters (1,194 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Burglary | Under investigation | On or near Thornhope Close |
Mar 2024 | Possession of weapons | Awaiting court outcome | On or near Thornhope Close |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Thornhope Close |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Thornhope Close |
Jan 2024 | Other crime | Under investigation | On or near Thornhope Close |