£158,433
This estimated value is based upon the latest sale price for the house of £125,000 on 28 Sep 2017. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £125,000 | 28 Sep 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 September 2017 the House Price Index for NORTHUMBERLAND was 117.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.747%.Applying this 26.747% change to the original purchase price of £125,000 results in an estimated price of approximately £158,433.
| 28 Sep 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 148.6 | 26.747 % | £125,000 | £33,433 | £158,433 |
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 | 192.356 % | £240,444 | £365,444 |
| 3 Month Average | 19.658 % | £24,572 | £149,572 |
| 6 Month Average | 13.112 % | £16,390 | £141,390 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £111,653 | £110,000 | 32 KINGFISHER WAY |
| 22 Sep 2023 | £155,995 | £154,000 | 99 SHEARWATER WAY |
| 21 Sep 2023 | £227,914 | £225,000 | 56 SHEARWATER WAY |
| 30 Jun 2023 | £182,207 | £180,000 | 27 TEAL AVENUE |
| 28 Jun 2023 | £197,391 | £195,000 | 1 SANDPIPER CLOSE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 19 Feb 2014. Using an estimated price of £158,433 means this house is valued at £1,780 per sq meter (£165 per sq foot).
The average size of a house on PETREL WAY is 89 sq meters (959 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Teal Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Dunlin Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Dunlin Drive |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Dunlin Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Dunlin Drive |