£61,916
This estimated value is based upon the latest sale price for the house of £60,750 on 26 May 2022. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £60,750 | 26 May 2022 |
| £67,000 | 17 Oct 2008 |
| £32,500 | 2 Nov 2001 |
| Terraced |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 May 2022 the House Price Index for NORTHUMBERLAND was 145.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.920%.Applying this 1.920% change to the original purchase price of £60,750 results in an estimated price of approximately £61,916.
| 26 May 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 148.6 | 1.920 % | £60,750 | £1,166 | £61,916 |
The Postcode Pricing Model uses changes in average sales price within the NE63 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 | 0.254 % | £154 | £60,904 |
| 3 Month Average | -13.911 % | £-8,451 | £52,298 |
| 6 Month Average | 20.039 % | £12,173 | £72,923 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Sep 2023 | £95,217 | £94,000 | 3 CRESSWELL TERRACE |
| 4 Apr 2023 | £93,001 | £92,000 | 73A STATION ROAD |
| 28 Feb 2023 | £92,937 | £93,000 | 4 CRESSWELL TERRACE |
| 22 Jul 2022 | £77,208 | £77,000 | 86 STATION ROAD |
| 18 Jul 2022 | £45,121 | £45,000 | 13 COUNCIL ROAD |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 12 Jan 2017. Using an estimated price of £61,917 means this house is valued at £665 per sq meter (£61 per sq foot).
The average size of a house on CRESSWELL TERRACE is 124 sq meters (1,334 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Shopping Area | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Shopping Area |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Shopping Area |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Shopping Area |