£163,858
This estimated value is based upon the latest sale price for the house of £96,000 on 28 Jul 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £96,000 | 28 Jul 2006 |
| £38,000 | 22 Mar 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 578 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 July 2006 the House Price Index for TYNE AND WEAR was 85.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 70.686%.Applying this 70.686% change to the original purchase price of £96,000 results in an estimated price of approximately £163,858.
| 28 Jul 2006 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.9 | 146.7 | 70.686 % | £96,000 | £67,858 | £163,858 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | 1.528 % | £1,466 | £97,466 |
| 3 Month Average | 8.275 % | £7,944 | £103,944 |
| 6 Month Average | 16.670 % | £16,002 | £112,002 |
This house has a floor area of 53 sq meters or 578 sq feet when measured on 12 Nov 2009.
The average size of a house on SALTWELL VIEW is 185 sq meters (1,996 sq feet).
This house is the smallest in the street with a floor area of 53 sq meters (578 sq feet).