£165,780
This estimated value is based upon the latest sale price for the house of £112,000 on 2 Apr 2015. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£112,000 | 2 Apr 2015 |
£25,000 | 9 Feb 1996 |
Semi-Detached |
Freehold |
Floor Area: 101 sq meters or 1,087 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 April 2015 the House Price Index for NORTHUMBERLAND was 101.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 48.018%.Applying this 48.018% change to the original purchase price of £112,000 results in an estimated price of approximately £165,780.
2 Apr 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
101.1 | 149.7 | 48.018 % | £112,000 | £53,780 | £165,780 |
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 | 12.149 % | £13,606 | £125,606 |
3 Month Average | 25.085 % | £28,094 | £140,094 |
6 Month Average | 5.486 % | £6,144 | £118,144 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Apr 2024 | £211,840 | £210,000 | 35 HOTSPUR AVENUE |
18 Dec 2023 | £196,023 | £190,000 | 37 HOTSPUR AVENUE |
16 Oct 2023 | £79,301 | £77,500 | 11 MILLFIELD NORTH |
30 Jun 2023 | £308,176 | £302,000 | 14 CHURCH LANE |
30 Jun 2023 | £253,072 | £248,000 | 7 ST NICHOLAS DRIVE |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 30 Mar 2015. Using an estimated price of £165,780 means this house is valued at £1,641 per sq meter (£152 per sq foot).
The average size of a house on MILLFIELD NORTH is 85 sq meters (923 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Millfield North |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Millfield West |
May 2024 | Anti-social behaviour | On or near Millfield West | |
May 2024 | Anti-social behaviour | On or near Millfield West | |
May 2024 | Anti-social behaviour | On or near Millfield West |