£117,738
This estimated value is based upon the latest sale price for the house of £96,000 on 22 Nov 2019. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £96,000 | 22 Nov 2019 |
| £80,000 | 8 Dec 2006 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 November 2019 the House Price Index for NORTHUMBERLAND was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.645%.Applying this 22.645% change to the original purchase price of £96,000 results in an estimated price of approximately £117,738.
| 22 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.645 % | £96,000 | £21,738 | £117,738 |
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 | 181.131 % | £173,885 | £269,885 |
| 3 Month Average | 17.592 % | £16,888 | £112,888 |
| 6 Month Average | 5.801 % | £5,568 | £101,568 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Nov 2023 | £70,037 | £69,000 | 34 VICTORIA MEWS |
| 4 Sep 2023 | £143,485 | £141,650 | 8 THIRD AVENUE |
| 4 Aug 2023 | £116,015 | £115,000 | 21 THIRD AVENUE |
| 5 Jun 2023 | £116,410 | £115,000 | 32 FOURTH AVENUE |
| 24 Mar 2023 | £90,856 | £90,000 | 57 SECOND AVENUE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 21 Aug 2019. Using an estimated price of £117,739 means this house is valued at £1,353 per sq meter (£125 per sq foot).
The average size of a house on FIRST AVENUE is 104 sq meters (1,123 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Cherry Trees | |
| Mar 2024 | Anti-social behaviour | On or near Cherry Trees | |
| Mar 2024 | Anti-social behaviour | On or near Cherry Trees | |
| Mar 2024 | Anti-social behaviour | On or near Cherry Trees | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Third Avenue |