£112,532
This estimated value is based upon the latest sale price for the house of £69,950 on 11 May 2007. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£69,950 | 11 May 2007 |
£47,500 | 5 Jan 2005 |
£11,500 | 31 Mar 2000 |
Terraced |
Freehold |
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 2007 the House Price Index for NORTHUMBERLAND was 93.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.875%.Applying this 60.875% change to the original purchase price of £69,950 results in an estimated price of approximately £112,532.
11 May 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.1 | 149.7 | 60.875 % | £69,950 | £42,582 | £112,532 |
The Postcode Pricing Model uses changes in average sales price within the NE24 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 | -17.695 % | £-12,377 | £57,572 |
3 Month Average | 27.100 % | £18,956 | £88,906 |
6 Month Average | 11.850 % | £8,288 | £78,238 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £21,328 | £21,000 | 26 WILSON AVENUE |
21 Dec 2023 | £20,634 | £20,000 | 1A WEST BRIDGE STREET |
11 Oct 2023 | £53,208 | £52,000 | 29A RIDLEY TERRACE |
25 Sep 2023 | £86,916 | £85,000 | 16 RIDLEY TERRACE |
1 Jun 2023 | £68,370 | £67,000 | 17 RIDLEY TERRACE |
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near West Bridge Street | |
Jul 2024 | Public order | Under investigation | On or near West Bridge Street |
Jun 2024 | Other crime | Under investigation | On or near West Bridge Street |
Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Sports/Recreation Area |