£123,422
This estimated value is based upon the latest sale price for the house of £115,000 on 24 Sep 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £115,000 | 24 Sep 2021 |
| Semi-Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 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 September 2021 the House Price Index for TYNE AND WEAR was 137.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 7.324%.Applying this 7.324% change to the original purchase price of £115,000 results in an estimated price of approximately £123,422.
| 24 Sep 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.0 | 7.324 % | £115,000 | £8,422 | £123,422 |
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 | 38.802 % | £44,622 | £159,622 |
| 3 Month Average | 49.527 % | £56,956 | £171,956 |
| 6 Month Average | 20.908 % | £24,044 | £139,044 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Mar 2024 | £128,434 | £128,000 | 31 LONG BANK |
| 4 Aug 2023 | £143,372 | £142,500 | 2 SATLEY GARDENS |
| 27 Jan 2023 | £138,731 | £139,950 | 99 SEAHAM GARDENS |
| 20 Jan 2023 | £277,562 | £280,000 | 27 LONG BANK |
| 9 Jan 2023 | £59,478 | £60,000 | 50 SEAHAM GARDENS |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 24 May 2021. Using an estimated price of £123,423 means this house is valued at £1,602 per sq meter (£148 per sq foot).
The average size of a house on SATLEY GARDENS is 89 sq meters (962 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Silksworth Gardens |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Silksworth Gardens |
| Jan 2024 | Other theft | Under investigation | On or near Silksworth Gardens |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Seaham Gardens |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Seaham Gardens |