£587,513
This estimated value is based upon the latest sale price for the house of £380,000 on 20 May 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £380,000 | 20 May 2014 |
| Detached |
| Freehold |
| Floor Area: 75 sq meters or 807 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 2014 the House Price Index for TYNE AND WEAR was 96.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 54.609%.Applying this 54.609% change to the original purchase price of £380,000 results in an estimated price of approximately £587,513.
| 20 May 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 148.6 | 54.609 % | £380,000 | £207,513 | £587,513 |
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 | 62.949 % | £239,204 | £619,204 |
| 3 Month Average | 42.325 % | £160,835 | £540,835 |
| 6 Month Average | 29.634 % | £112,610 | £492,610 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jul 2023 | £456,139 | £450,000 | 31 THE RIDINGS |
| 22 Feb 2023 | £449,697 | £450,000 | 15 THE RIDINGS |
| 17 Jun 2022 | £116,648 | £115,000 | 35 THE RIDINGS |
| 7 Jun 2022 | £750,608 | £740,000 | 11 WESTGATE CLOSE |
| 2 Mar 2022 | £766,834 | £740,000 | 14 WESTGATE CLOSE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 25 Feb 2014. Using an estimated price of £587,514 means this house is valued at £7,833 per sq meter (£727 per sq foot).
The average size of a house on THE RIDINGS is 88 sq meters (956 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near The Ridings |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Saltwick Gardens |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Saltwick Gardens |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Saltwick Gardens |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Saltwick Gardens |