£94,065
This estimated value is based upon the latest sale price for the house of £45,000 on 19 Mar 2004. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £45,000 | 19 Mar 2004 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 March 2004 the House Price Index for NORTHUMBERLAND was 71.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 109.035%.Applying this 109.035% change to the original purchase price of £45,000 results in an estimated price of approximately £94,065.
| 19 Mar 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 71.1 | 148.6 | 109.035 % | £45,000 | £49,065 | £94,065 |
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 | 24.000 % | £10,800 | £55,800 |
| 3 Month Average | 25.569 % | £11,506 | £56,506 |
| 6 Month Average | 59.816 % | £26,917 | £71,917 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £61,068 | £60,000 | 4 HOLLY STREET |
| 24 Nov 2023 | £55,827 | £55,000 | 131 SYCAMORE STREET |
| 28 Jul 2023 | £58,791 | £58,000 | 145 MAPLE STREET |
| 1 Aug 2022 | £77,791 | £78,000 | 18 SECOND AVENUE |
| 29 Jul 2022 | £60,162 | £60,000 | 109 SYCAMORE STREET |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 14 Jun 2018. Using an estimated price of £94,066 means this house is valued at £1,254 per sq meter (£116 per sq foot).
The average size of a house on MAPLE STREET is 82 sq meters (887 sq feet).