£151,637
This estimated value is based upon the latest sale price for the house of £27,000 on 5 Jul 1996. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£27,000 | 5 Jul 1996 |
Terraced |
Freehold |
Floor Area: 83 sq meters or 893 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 July 1996 the House Price Index for NORTHUMBERLAND was 26.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 461.621%.Applying this 461.621% change to the original purchase price of £27,000 results in an estimated price of approximately £151,637.
5 Jul 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.7 | 149.7 | 461.621 % | £27,000 | £124,637 | £151,637 |
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 | 150.043 % | £40,511 | £67,511 |
3 Month Average | 258.998 % | £69,929 | £96,929 |
6 Month Average | 228.810 % | £61,778 | £88,778 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £81,248 | £80,000 | 81 WILLOW CRESCENT |
27 Mar 2023 | £116,953 | £115,000 | 56 NEWCASTLE ROAD |
23 Mar 2023 | £122,038 | £120,000 | 2 CRAMLINGTON COURT CRAMLINGTON TERRACE |
22 Mar 2023 | £106,356 | £104,580 | 10 LINKS VIEW |
21 Mar 2023 | £122,038 | £120,000 | 54 NEWCASTLE ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 28 Aug 2013. Using an estimated price of £151,638 means this house is valued at £1,826 per sq meter (£169 per sq foot).
The average size of a house on LINKS VIEW is 87 sq meters (945 sq feet).
This house is the largest in the street with a floor area of 83 sq meters (893 sq feet).