£301,095
This estimated value is based upon the latest sale price for the house of £235,000 on 14 Jun 2017. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £235,000 | 14 Jun 2017 |
| £89,000 | 20 Mar 2002 |
| Detached |
| Leasehold |
| Floor Area: 147 sq meters or 1,582 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORTHUMBERLAND to estimate the market value.
When this house was purchased in June 2017 the House Price Index for NORTHUMBERLAND was 116.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.126%.Applying this 28.126% change to the original purchase price of £235,000 results in an estimated price of approximately £301,095.
| 14 Jun 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 148.6 | 28.126 % | £235,000 | £66,095 | £301,095 |
The Postcode Pricing Model uses changes in average sales price within the NE23 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 | -14.829 % | £-34,848 | £200,151 |
| 3 Month Average | 14.746 % | £34,653 | £269,653 |
| 6 Month Average | 32.913 % | £77,344 | £312,344 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £286,861 | £283,000 | 105 NEWLYN DRIVE |
| 20 Feb 2023 | £191,821 | £191,950 | 42 NEWLYN DRIVE |
| 7 Feb 2023 | £157,894 | £158,000 | 4 FAREHAM WAY |
| 27 Jan 2023 | £75,644 | £76,000 | 67 NEWLYN DRIVE |
| 2 Aug 2022 | £103,731 | £104,010 | 6 FAREHAM WAY |
This house has a floor area of 147 sq meters or 1,582 sq feet when measured on 12 Oct 2021. Using an estimated price of £301,095 means this house is valued at £2,048 per sq meter (£190 per sq foot).
The average size of a house on FROME PLACE is 158 sq meters (1,706 sq feet).
This house is the largest in the street with a floor area of 147 sq meters (1,582 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Investigation complete; no suspect identified | On or near Frome Place |
| Mar 2024 | Robbery | Under investigation | On or near Forres Place |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Forres Place |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Forres Place |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Forres Place |