£268,457
This estimated value is based upon the latest sale price for the house of £178,000 on 21 Oct 2014. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £178,000 | 21 Oct 2014 |
| Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 May 2024 is 149.7 which is a change of 50.819%.Applying this 50.819% change to the original purchase price of £178,000 results in an estimated price of approximately £268,457.
| 21 Oct 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 149.7 | 50.819 % | £178,000 | £90,457 | £268,457 |
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 | 35.183 % | £62,625 | £240,625 |
| 3 Month Average | 4.392 % | £7,818 | £185,818 |
| 6 Month Average | -3.589 % | £-6,388 | £171,611 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Sep 2023 | £193,260 | £189,000 | 12 DEERFELL CLOSE |
| 28 Mar 2023 | £340,690 | £335,000 | 8 SHOTLEY COURT |
| 9 Aug 2022 | £426,997 | £425,000 | 12 WEST PASTURES |
| 28 Jan 2022 | £207,799 | £196,000 | 22 CORNFORTH CLOSE |
| 25 Jun 2021 | £172,885 | £159,950 | 2 CORNFORTH CLOSE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 12 Sep 2014. Using an estimated price of £268,458 means this house is valued at £3,398 per sq meter (£315 per sq foot).
The average size of a house on PADDOCK RISE is 99 sq meters (1,069 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Barrasford Close | |
| Jun 2024 | Anti-social behaviour | On or near Barrasford Close | |
| Apr 2024 | Anti-social behaviour | On or near Barrasford Close | |
| Apr 2024 | Anti-social behaviour | On or near Barrasford Close | |
| Apr 2024 | Anti-social behaviour | On or near Barrasford Close |