£225,770
This estimated value is based upon the latest sale price for the house of £150,000 on 26 Sep 2014. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £150,000 | 26 Sep 2014 |
| £130,000 | 31 Jul 2007 |
| £34,000 | 26 Jul 1996 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 2014 the House Price Index for NORTHUMBERLAND was 98.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 50.514%.Applying this 50.514% change to the original purchase price of £150,000 results in an estimated price of approximately £225,770.
| 26 Sep 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 148.6 | 50.514 % | £150,000 | £75,770 | £225,770 |
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 | -7.547 % | £-11,320 | £138,679 |
| 3 Month Average | -41.134 % | £-61,700 | £88,299 |
| 6 Month Average | -8.235 % | £-12,352 | £137,647 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £173,027 | £170,000 | 60 HIGH STREET |
| 27 Nov 2023 | £223,306 | £220,000 | 7 BROOMEY ROAD |
| 31 Aug 2023 | £169,987 | £168,500 | 31 RAMSEYS LANE |
| 23 Jun 2023 | £202,452 | £200,000 | 81 HIGH STREET |
| 22 Mar 2023 | £298,815 | £296,000 | 20 RYECROFT WAY |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 10 Jul 2014. Using an estimated price of £225,771 means this house is valued at £2,656 per sq meter (£246 per sq foot).
The average size of a house on BURNHOUSE ROAD is 123 sq meters (1,328 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | 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 | Under investigation | On or near Oliver Place |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Ramsey Lane |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Ramsey Lane |