£94,255
This estimated value is based upon the latest sale price for the house of £55,000 on 11 Oct 2010. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £55,000 | 11 Oct 2010 |
| Semi-Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 October 2010 the House Price Index for NORTHUMBERLAND was 87.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.374%.Applying this 71.374% change to the original purchase price of £55,000 results in an estimated price of approximately £94,255.
| 11 Oct 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.4 | 149.7 | 71.374 % | £55,000 | £39,255 | £94,255 |
The Postcode Pricing Model uses changes in average sales price within the NE63 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 | -12.875 % | £-7,081 | £47,918 |
| 3 Month Average | -1.108 % | £-609 | £54,390 |
| 6 Month Average | -6.422 % | £-3,532 | £51,467 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £273,401 | £265,000 | 2 STATION ROAD |
| 6 Oct 2023 | £255,810 | £250,000 | 46 - 48 STATION ROAD |
| 13 Sep 2023 | £96,119 | £94,000 | 3 CRESSWELL TERRACE |
| 25 Apr 2023 | £136,819 | £134,260 | 2 LINTONVILLE TERRACE |
| 11 Apr 2023 | £127,383 | £125,000 | 15 LINTONVILLE TERRACE |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 21 Jul 2014. Using an estimated price of £94,256 means this house is valued at £992 per sq meter (£92 per sq foot).
The average size of a house on NORTH VIEW is 117 sq meters (1,266 sq feet).