£741,848
This estimated value is based upon the latest sale price for the house of £725,000 on 5 Oct 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 |
|---|---|
| £725,000 | 5 Oct 2023 |
| £505,995 | 8 Aug 2017 |
| Detached |
| Freehold |
| Floor Area: 206 sq meters or 2,217 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 October 2023 the House Price Index for TYNE AND WEAR was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £725,000 results in an estimated price of approximately £741,848.
| 5 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £725,000 | £16,848 | £741,848 |
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 | 65.665 % | £476,069 | £1,201,069 |
| 3 Month Average | -8.875 % | £-64,343 | £660,656 |
| 6 Month Average | -0.499 % | £-3,614 | £721,385 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Oct 2023 | £741,849 | £725,000 | 18 SALTWICK GARDENS |
| 11 Aug 2023 | £549,918 | £540,000 | 24 AYLE GROVE |
| 22 Feb 2023 | £453,026 | £450,000 | 15 THE RIDINGS |
| 17 Jun 2022 | £117,512 | £115,000 | 35 THE RIDINGS |
| 24 Nov 2021 | £130,742 | £120,000 | 37 THE RIDINGS |
This house has a floor area of 206 sq meters or 2,217 sq feet when measured on 23 Jun 2017. Using an estimated price of £741,849 means this house is valued at £3,601 per sq meter (£334 per sq foot).
The average size of a house on SALTWICK GARDENS is 178 sq meters (1,921 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Public order | Investigation complete; no suspect identified | On or near Saltwick Gardens |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Saltwick Gardens |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Berrishill Grove |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Berrishill Grove |
| Sep 2024 | Vehicle crime | Under investigation | On or near Westgate Close |