£185,692
This estimated value is based upon the latest sale price for the house of £87,000 on 16 Feb 2004. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £87,000 | 16 Feb 2004 |
| £34,000 | 30 Jun 1998 |
| Terraced |
| Leasehold |
| Floor Area: 121 sq meters or 1,302 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 February 2004 the House Price Index for NORTHUMBERLAND was 70.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 113.439%.Applying this 113.439% change to the original purchase price of £87,000 results in an estimated price of approximately £185,692.
| 16 Feb 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 70.1 | 149.7 | 113.439 % | £87,000 | £98,692 | £185,692 |
The Postcode Pricing Model uses changes in average sales price within the NE22 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 | 90.823 % | £79,016 | £166,016 |
| 3 Month Average | 82.849 % | £72,078 | £159,078 |
| 6 Month Average | 66.686 % | £58,017 | £145,017 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £86,916 | £85,000 | 5 BALMORAL CLOSE |
| 28 Jun 2023 | £101,025 | £99,000 | 31 STIRLING DRIVE |
| 3 Apr 2023 | £120,249 | £118,000 | 39 STIRLING DRIVE |
| 23 Sep 2022 | £83,944 | £84,000 | 11 STIRLING DRIVE |
| 15 Jul 2022 | £206,570 | £204,500 | 2 BALMORAL CLOSE |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 28 Oct 2014. Using an estimated price of £185,692 means this house is valued at £1,534 per sq meter (£142 per sq foot).
The average size of a house on LAMBTON COURT is 70 sq meters (762 sq feet).
This house is the largest in the street with a floor area of 121 sq meters (1,302 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Stirling Drive |
| Jul 2024 | Vehicle crime | Under investigation | On or near Balmoral Close |