£114,370
This estimated value is based upon the latest sale price for the house of £63,000 on 1 Dec 2005. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
There has been one burglary within the last year on or near Milburn Road
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Price Paid | Date |
---|---|
£63,000 | 1 Dec 2005 |
Terraced |
Freehold |
Floor Area: 88 sq meters or 947 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 December 2005 the House Price Index for NORTHUMBERLAND was 82.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 81.541%.Applying this 81.541% change to the original purchase price of £63,000 results in an estimated price of approximately £114,370.
1 Dec 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
82.5 | 149.7 | 81.541 % | £63,000 | £51,370 | £114,370 |
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 | -11.094 % | £-6,989 | £56,010 |
3 Month Average | -6.491 % | £-4,089 | £58,910 |
6 Month Average | -3.786 % | £-2,384 | £60,615 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Mar 2024 | £35,038 | £34,500 | 253 SYCAMORE STREET |
18 Dec 2023 | £229,038 | £222,000 | 106 MILBURN ROAD |
4 Aug 2023 | £56,010 | £55,000 | 85 PONT STREET |
10 Mar 2023 | £68,646 | £67,500 | 255 SYCAMORE STREET |
10 Feb 2023 | £80,488 | £79,950 | 101A MILBURN ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 30 Mar 2012. Using an estimated price of £114,371 means this house is valued at £1,299 per sq meter (£120 per sq foot).
The average size of a house on PONT STREET is 93 sq meters (1,001 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Milburn Road |
Jul 2024 | Other crime | Under investigation | On or near Milburn Road |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Milburn Road |
Jul 2024 | Burglary | Under investigation | On or near Milburn Road |
Jul 2024 | Drugs | Under investigation | On or near Milburn Road |