£152,475
This estimated value is based upon the latest sale price for the house of £105,000 on 18 Jun 2015. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £105,000 | 18 Jun 2015 |
| £46,000 | 15 Feb 2001 |
| 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 June 2015 the House Price Index for NORTHUMBERLAND was 102.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.215%.Applying this 45.215% change to the original purchase price of £105,000 results in an estimated price of approximately £152,475.
| 18 Jun 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 148.6 | 45.215 % | £105,000 | £47,475 | £152,475 |
The Postcode Pricing Model uses changes in average sales price within the NE71 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 | 71.429 % | £74,999 | £179,999 |
| 3 Month Average | -23.568 % | £-24,746 | £80,253 |
| 6 Month Average | 41.563 % | £43,640 | £148,640 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £55,000 | £55,000 | 24 HIGH STREET |
| 20 Dec 2023 | £173,027 | £170,000 | 60 HIGH STREET |
| 15 Sep 2023 | £288,691 | £285,000 | 26 GLENDALE ROAD |
| 31 Aug 2023 | £169,987 | £168,500 | 31 RAMSEYS LANE |
| 3 Jul 2023 | £88,694 | £87,500 | FLAT 3 14 - 15 MARKET PLACE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 26 Nov 2012. Using an estimated price of £152,476 means this house is valued at £1,732 per sq meter (£160 per sq foot).
The average size of a house on RAMSEYS LANE is 108 sq meters (1,169 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Parking Area |