£334,744
This estimated value is based upon the latest sale price for the house of £195,000 on 3 Aug 2006. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £195,000 | 3 Aug 2006 |
| Detached |
| Freehold |
| Floor Area: 194 sq meters or 2,088 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 August 2006 the House Price Index for NORTHUMBERLAND was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.664%.Applying this 71.664% change to the original purchase price of £195,000 results in an estimated price of approximately £334,744.
| 3 Aug 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.664 % | £195,000 | £139,744 | £334,744 |
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 | -5.914 % | £-11,531 | £183,468 |
| 3 Month Average | -18.898 % | £-36,852 | £158,147 |
| 6 Month Average | 8.934 % | £17,422 | £212,422 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jun 2023 | £253,065 | £250,000 | 14 THE DEMESNE |
| 3 Feb 2023 | £46,469 | £46,500 | 18 MANLEY VIEW |
| 12 Aug 2022 | £174,530 | £175,000 | 24 HILLCREST |
| 27 Jul 2022 | £120,324 | £120,000 | 29 OAKVILLE |
| 21 Jul 2022 | £190,513 | £190,000 | 25 HILLCREST |
This house has a floor area of 194 sq meters or 2,088 sq feet when measured on 10 Nov 2016. Using an estimated price of £334,744 means this house is valued at £1,725 per sq meter (£160 per sq foot).
The average size of a house on THE DEMESNE is 139 sq meters (1,502 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near South Ridge |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near The Paddock |