£345,954
This estimated value is based upon the latest sale price for the house of £168,000 on 8 Apr 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£168,000 | 8 Apr 2004 |
£84,000 | 31 Aug 2001 |
Terraced |
Leasehold |
Floor Area: 89 sq meters or 957 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 April 2004 the House Price Index for TYNE AND WEAR was 72.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 105.925%.Applying this 105.925% change to the original purchase price of £168,000 results in an estimated price of approximately £345,954.
8 Apr 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
72.7 | 149.7 | 105.925 % | £168,000 | £177,954 | £345,954 |
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 | 32.125 % | £53,970 | £221,970 |
3 Month Average | 39.532 % | £66,414 | £234,414 |
6 Month Average | 42.229 % | £70,944 | £238,944 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Apr 2024 | £105,920 | £105,000 | 12 GLENSIDE COURT BRECKENBEDS ROAD |
7 Mar 2024 | £157,419 | £155,000 | 15 OTTERBURN GARDENS |
23 Oct 2023 | £235,345 | £230,000 | 38 OTTERBURN GARDENS |
25 Aug 2023 | £302,455 | £297,000 | 15 BRECKENBEDS ROAD |
26 Apr 2023 | £1,401,208 | £1,375,000 | BRACKENDENE HOUSE SOUTH BRACKENDENE DRIVE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 17 May 2019. Using an estimated price of £345,954 means this house is valued at £3,887 per sq meter (£361 per sq foot).
The average size of a house on SALTWELL ROAD SOUTH is 88 sq meters (951 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Anti-social behaviour | On or near Station Road | |
May 2024 | Anti-social behaviour | On or near Station Road | |
May 2024 | Anti-social behaviour | On or near Station Road | |
Jul 2024 | Anti-social behaviour | On or near Brackendene Drive | |
Apr 2024 | Anti-social behaviour | On or near Brackendene Drive |