£162,727
This estimated value is based upon the latest sale price for the house of £122,500 on 5 Sep 2016. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£122,500 | 5 Sep 2016 |
£149,000 | 20 Apr 2004 |
£59,000 | 17 Mar 2000 |
£34,000 | 21 Jul 1997 |
Detached |
Freehold |
Floor Area: 119 sq meters or 1,280 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 2016 the House Price Index for NORTHUMBERLAND was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £122,500 results in an estimated price of approximately £162,727.
5 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.9 | 148.6 | 32.839 % | £122,500 | £40,227 | £162,727 |
The Postcode Pricing Model uses changes in average sales price within the NE22 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 | -20.214 % | £-24,762 | £97,737 |
3 Month Average | -12.891 % | £-15,792 | £106,707 |
6 Month Average | 19.132 % | £23,436 | £145,936 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Apr 2023 | £131,415 | £130,000 | 18 WAVERLEY DRIVE |
3 Apr 2023 | £85,925 | £85,000 | 10 CHERRYTREE COURT |
3 Mar 2023 | £121,141 | £120,000 | 8 WAVERLEY DRIVE |
24 Jun 2022 | £91,290 | £90,000 | 6 JUBILEE MEWS |
4 Mar 2022 | £103,626 | £100,000 | 1 JUBILEE TERRACE |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 2 Aug 2016. Using an estimated price of £162,728 means this house is valued at £1,367 per sq meter (£127 per sq foot).
The average size of a house on CHERRYTREE COURT is 89 sq meters (967 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Cherrytree Court |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Jubilee Mews |
Apr 2024 | Drugs | Under investigation | On or near Jubilee Mews |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Jubilee Mews |
Feb 2024 | Criminal damage and arson | Under investigation | On or near Jubilee Mews |