£221,808
This estimated value is based upon the latest sale price for the house of £193,000 on 28 Jul 2021. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£193,000 | 28 Jul 2021 |
Terraced |
Freehold |
Floor Area: 69 sq meters or 742 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 July 2021 the House Price Index for NORTHUMBERLAND was 129.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.927%.Applying this 14.927% change to the original purchase price of £193,000 results in an estimated price of approximately £221,808.
28 Jul 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
129.3 | 148.6 | 14.927 % | £193,000 | £28,808 | £221,808 |
The Postcode Pricing Model uses changes in average sales price within the NE23 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 | 14.632 % | £28,240 | £221,240 |
3 Month Average | 9.627 % | £18,579 | £211,579 |
6 Month Average | 17.227 % | £33,248 | £226,248 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Aug 2023 | £95,838 | £95,000 | 40 MINTING PLACE |
31 Mar 2023 | £227,140 | £225,000 | 12 MALDEN CLOSE |
24 Feb 2023 | £224,849 | £225,000 | 5 MINTING PLACE |
21 Oct 2022 | £110,807 | £112,000 | 59 MIRLAW ROAD |
5 Aug 2022 | £189,490 | £190,000 | 21 MAINSTONE CLOSE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 23 Jun 2021. Using an estimated price of £221,808 means this house is valued at £3,214 per sq meter (£298 per sq foot).
The average size of a house on MELLING ROAD is 72 sq meters (775 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Anti-social behaviour | On or near Minting Place | |
Mar 2024 | Anti-social behaviour | On or near Minting Place | |
Mar 2024 | Anti-social behaviour | On or near Minting Place | |
Jan 2024 | Anti-social behaviour | On or near Minting Place | |
Jan 2024 | Anti-social behaviour | On or near Minting Place |