£333,395
This estimated value is based upon the latest sale price for the house of £235,000 on 7 Sep 2015. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £235,000 | 7 Sep 2015 |
| £190,000 | 5 May 2005 |
| Terraced |
| Freehold |
| Floor Area: 147 sq meters or 1,582 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 2015 the House Price Index for NORTHUMBERLAND was 104.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 41.871%.Applying this 41.871% change to the original purchase price of £235,000 results in an estimated price of approximately £333,395.
| 7 Sep 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.7 | 148.6 | 41.871 % | £235,000 | £98,395 | £333,395 |
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 | 29.274 % | £68,794 | £303,794 |
| 3 Month Average | 3.703 % | £8,702 | £243,702 |
| 6 Month Average | 41.510 % | £97,549 | £332,549 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £173,027 | £170,000 | 60 HIGH STREET |
| 15 Sep 2023 | £288,691 | £285,000 | 26 GLENDALE ROAD |
| 23 Jun 2023 | £202,452 | £200,000 | 81 HIGH STREET |
| 22 Mar 2023 | £298,815 | £296,000 | 20 RYECROFT WAY |
| 20 Mar 2023 | £257,425 | £255,000 | 14 - 16 GLENDALE ROAD |
This house has a floor area of 147 sq meters or 1,582 sq feet when measured on 6 May 2015. Using an estimated price of £333,396 means this house is valued at £2,268 per sq meter (£210 per sq foot).
The average size of a house on RYECROFT WAY is 152 sq meters (1,642 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Under investigation | On or near Oliver Place |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Oliver Place |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Oliver Place |
| Apr 2024 | Public order | Under investigation | On or near Queen'S Road |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Queen'S Road |