£414,617
This estimated value is based upon the latest sale price for the house of £355,000 on 20 Nov 2020. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £355,000 | 20 Nov 2020 |
| £315,000 | 30 May 2019 |
| £109,700 | 17 Dec 1997 |
| Detached |
| Freehold |
| Floor Area: 169 sq meters or 1,821 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 2020 the House Price Index for NORTHUMBERLAND was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £355,000 results in an estimated price of approximately £414,617.
| 20 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 149.7 | 16.794 % | £355,000 | £59,617 | £414,617 |
The Postcode Pricing Model uses changes in average sales price within the NE23 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 | -4.408 % | £-15,648 | £339,351 |
| 3 Month Average | 10.317 % | £36,625 | £391,625 |
| 6 Month Average | -0.511 % | £-1,814 | £353,185 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £240,387 | £233,000 | 24 EASTWOOD PLACE |
| 15 Sep 2023 | £347,664 | £340,000 | 12 ELLERTON WAY |
| 27 Jan 2023 | £258,190 | £257,500 | 5 ELLERTON WAY |
| 30 Aug 2022 | £231,081 | £230,000 | 7 EASINGTON AVENUE |
| 4 Apr 2022 | £248,929 | £239,950 | 16 EASINGTON AVENUE |
This house has a floor area of 169 sq meters or 1,821 sq feet when measured on 17 Feb 2012. Using an estimated price of £414,617 means this house is valued at £2,450 per sq meter (£227 per sq foot).
The average size of a house on ELM CLOSE is 216 sq meters (2,326 sq feet).
This house is the largest in the street with a floor area of 169 sq meters (1,821 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Epwell Grove |