£81,941
This estimated value is based upon the latest sale price for the house of £82,500 on 15 Aug 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £82,500 | 15 Aug 2023 |
| £149,995 | 27 Jun 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 2023 the House Price Index for TYNE AND WEAR was 147.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -0.677%.Applying this -0.677% change to the original purchase price of £82,500 results in an estimated price of approximately £81,941.
| 15 Aug 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.7 | 146.7 | -0.677 % | £82,500 | £-558 | £81,941 |
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 | -19.804 % | £-16,338 | £66,161 |
| 3 Month Average | -22.152 % | £-18,275 | £64,224 |
| 6 Month Average | -14.457 % | £-11,927 | £70,572 |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 20 Feb 2020.
The average size of a house on THORNTREE DRIVE is 74 sq meters (799 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Otterburn Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Otterburn Avenue |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Ludlow Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Harewood Crescent |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Harewood Crescent |