£83,837
This estimated value is based upon the latest sale price for the house of £56,000 on 31 Oct 2014. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £56,000 | 31 Oct 2014 |
| Terraced |
| Freehold |
| Floor Area: 109 sq meters or 1,173 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 October 2014 the House Price Index for NORTHUMBERLAND was 99.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.711%.Applying this 49.711% change to the original purchase price of £56,000 results in an estimated price of approximately £83,837.
| 31 Oct 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 148.6 | 49.711 % | £56,000 | £27,837 | £83,837 |
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 | 44.065 % | £24,676 | £80,676 |
| 3 Month Average | -8.076 % | £-4,522 | £51,477 |
| 6 Month Average | 15.011 % | £8,406 | £64,406 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Mar 2023 | £35,838 | £35,500 | 55 CASTLE TERRACE |
| 22 Feb 2023 | £46,968 | £47,000 | 15 ARIEL STREET |
| 18 Jan 2023 | £52,752 | £53,000 | 31 CASTLE TERRACE |
| 18 May 2022 | £86,632 | £85,000 | 4 ARIEL STREET |
| 23 Dec 2021 | £34,284 | £32,000 | 99A WOODHORN ROAD |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 18 Feb 2014. Using an estimated price of £83,838 means this house is valued at £769 per sq meter (£71 per sq foot).
The average size of a house on CASTLE TERRACE is 89 sq meters (966 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Castle Terrace |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Castle Terrace |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Castle Terrace |
| Apr 2024 | Other theft | Under investigation | On or near Castle Terrace |
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Castle Terrace |