£112,429
This estimated value is based upon the latest sale price for the house of £109,500 on 1 May 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £109,500 | 1 May 2022 |
| £105,500 | 11 Nov 2019 |
| £112,000 | 20 Jun 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 2022 the House Price Index for TYNE AND WEAR was 145.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.675%.Applying this 2.675% change to the original purchase price of £109,500 results in an estimated price of approximately £112,429.
| 1 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £109,500 | £2,929 | £112,429 |
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 | 3.146 % | £3,444 | £112,944 |
| 3 Month Average | 7.899 % | £8,649 | £118,149 |
| 6 Month Average | 7.386 % | £8,087 | £117,587 |
| 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 |
| 24 Nov 2023 | £333,978 | £325,500 | 9 ALVERSTONE AVENUE |
| 15 Sep 2023 | £58,285 | £57,000 | 4 BRECKEN COURT SALTWELL ROAD SOUTH |
| 25 Aug 2023 | £302,455 | £297,000 | 15 BRECKENBEDS ROAD |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 2 Aug 2019. Using an estimated price of £112,429 means this house is valued at £1,938 per sq meter (£180 per sq foot).
The average size of a house on SALTWELL ROAD SOUTH is 88 sq meters (951 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Grantham Drive |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Grantham Drive |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Grantham Drive |
| Jun 2024 | Other crime | Under investigation | On or near Grantham Drive |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Alverstone Avenue |