£206,302
This estimated value is based upon the latest sale price for the house of £66,500 on 22 Feb 2002. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£66,500 | 22 Feb 2002 |
£36,500 | 26 Mar 1999 |
Semi-Detached |
Freehold |
Floor Area: 86 sq meters or 925 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 2002 the House Price Index for NORTHUMBERLAND was 48.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 210.229%.Applying this 210.229% change to the original purchase price of £66,500 results in an estimated price of approximately £206,302.
22 Feb 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
48.3 | 149.7 | 210.229 % | £66,500 | £139,802 | £206,302 |
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 | 111.080 % | £73,868 | £140,368 |
3 Month Average | 199.395 % | £132,597 | £199,097 |
6 Month Average | 177.119 % | £117,784 | £184,284 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £92,853 | £90,000 | 25 THIRD AVENUE |
23 Nov 2023 | £79,519 | £77,500 | 135 PRINCESS LOUISE ROAD |
4 Sep 2023 | £144,843 | £141,650 | 8 THIRD AVENUE |
4 Aug 2023 | £117,112 | £115,000 | 21 THIRD AVENUE |
10 Mar 2023 | £106,783 | £105,000 | 43 NINTH AVENUE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 6 May 2014. Using an estimated price of £206,302 means this house is valued at £2,398 per sq meter (£222 per sq foot).
The average size of a house on BROADWAY is 126 sq meters (1,363 sq feet).
This house is the smallest in the street with a floor area of 86 sq meters (925 sq feet).