£96,047
This estimated value is based upon the latest sale price for the house of £45,000 on 12 Feb 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 | 12 Feb 2004 |
| £35,000 | 9 Apr 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 59 sq meters or 635 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 February 2004 the House Price Index for NORTHUMBERLAND was 70.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 113.439%.Applying this 113.439% change to the original purchase price of £45,000 results in an estimated price of approximately £96,047.
| 12 Feb 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 70.1 | 149.7 | 113.439 % | £45,000 | £51,047 | £96,047 |
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 | 58.441 % | £26,298 | £71,298 |
| 3 Month Average | 134.378 % | £60,469 | £105,469 |
| 6 Month Average | 105.133 % | £47,309 | £92,309 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2024 | £152,341 | £150,000 | 21 - 23 WELLINGTON STREET |
| 7 Dec 2023 | £252,767 | £245,000 | 18 RIDLEY AVENUE |
| 6 Oct 2023 | £49,116 | £48,000 | 99 PERCY STREET |
| 7 Jun 2023 | £153,067 | £150,000 | RIDLEY HOUSE RIDLEY AVENUE |
| 24 Feb 2023 | £298,997 | £297,000 | HOLMVILLE RIDLEY AVENUE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 14 Mar 2018. Using an estimated price of £96,048 means this house is valued at £1,627 per sq meter (£151 per sq foot).
The average size of a house on WELLINGTON STREET is 90 sq meters (970 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Forster Street |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Forster Street |
| May 2024 | Violence and sexual offences | Under investigation | On or near Forster Street |
| May 2024 | Violence and sexual offences | Under investigation | On or near Forster Street |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Forster Street |