£503,658
This estimated value is based upon the latest sale price for the house of £148,500 on 29 Jun 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £148,500 | 29 Jun 2001 |
| £114,500 | 1 Nov 1996 |
| £60,000 | 19 Jun 1995 |
| £110,000 | 19 Jan 1995 |
| Detached |
| Freehold |
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 June 2001 the House Price Index for TYNE AND WEAR was 43.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 239.164%.Applying this 239.164% change to the original purchase price of £148,500 results in an estimated price of approximately £503,658.
| 29 Jun 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 43.8 | 148.6 | 239.164 % | £148,500 | £355,158 | £503,658 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 63.469 % | £94,251 | £242,751 |
| 3 Month Average | 123.104 % | £182,809 | £331,309 |
| 6 Month Average | 147.181 % | £218,563 | £367,063 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £291,820 | £287,500 | 6 NORTH DENE DRIVE |
| 3 Nov 2023 | £288,268 | £284,000 | 3 NORTH DENE DRIVE |
| 14 Jul 2023 | £329,434 | £325,000 | 29 PARK VIEW AVENUE |
| 23 Mar 2023 | £186,760 | £185,000 | 60 PARK VIEW AVENUE |
| 10 Mar 2023 | £486,079 | £481,500 | 301 DURHAM ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Saltwell Gardens |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Clifton Gardens |
| Apr 2024 | Burglary | Under investigation | On or near A167 |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near A167 |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Park/Open Space |