£260,833
This estimated value is based upon the latest sale price for the house of £155,000 on 8 Aug 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £155,000 | 8 Aug 2008 |
| £80,000 | 18 Dec 1998 |
| £77,950 | 16 Jun 1995 |
| Detached |
| Leasehold |
| Floor Area: 104 sq meters or 1,119 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 August 2008 the House Price Index for TYNE AND WEAR was 88.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 68.280%.Applying this 68.280% change to the original purchase price of £155,000 results in an estimated price of approximately £260,833.
| 8 Aug 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.3 | 148.6 | 68.280 % | £155,000 | £105,833 | £260,833 |
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 | 0.028 % | £43 | £155,043 |
| 3 Month Average | 7.272 % | £11,272 | £166,272 |
| 6 Month Average | 17.873 % | £27,702 | £182,702 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Jun 2023 | £146,778 | £145,000 | 5 BEAUMARIS WAY |
| 15 Jul 2022 | £210,567 | £210,000 | 1 THIRLINGTON CLOSE |
| 19 Apr 2022 | £123,524 | £119,950 | 4 MEADOW RISE |
| 28 Feb 2022 | £153,109 | £146,000 | 12 THIRLINGTON CLOSE |
| 14 Dec 2021 | £141,957 | £132,500 | 5 RENFREW GREEN |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 10 Feb 2020. Using an estimated price of £260,834 means this house is valued at £2,508 per sq meter (£233 per sq foot).
The average size of a house on THIRLINGTON CLOSE is 106 sq meters (1,149 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Thirlington Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Caernarvon Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Caernarvon Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Caernarvon Close |
| Feb 2024 | Other crime | Under investigation | On or near Berrington Drive |