£212,165
This estimated value is based upon the latest sale price for the house of £114,000 on 1 Apr 2005. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £114,000 | 1 Apr 2005 |
| Terraced |
| Freehold |
| Floor Area: 114 sq meters or 1,227 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 2005 the House Price Index for NORTHUMBERLAND was 79.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 86.110%.Applying this 86.110% change to the original purchase price of £114,000 results in an estimated price of approximately £212,165.
| 1 Apr 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.8 | 148.6 | 86.110 % | £114,000 | £98,165 | £212,165 |
The Postcode Pricing Model uses changes in average sales price within the NE63 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 | 1.580 % | £1,801 | £115,801 |
| 3 Month Average | -11.136 % | £-12,695 | £101,304 |
| 6 Month Average | 18.089 % | £20,621 | £134,621 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £136,014 | £134,000 | 5 FIELD VIEW |
| 22 Sep 2023 | £167,137 | £165,000 | 18 FIELD VIEW |
| 18 Jul 2023 | £40,546 | £40,000 | NUT HOUSE, 123 STATION ROAD |
| 1 Mar 2023 | £55,524 | £55,001 | 150 STATION ROAD |
| 10 Feb 2023 | £72,451 | £72,500 | 156A STATION ROAD |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 25 Jan 2019. Using an estimated price of £212,166 means this house is valued at £1,861 per sq meter (£172 per sq foot).
The average size of a house on MORVEN PLACE is 173 sq meters (1,867 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | Under investigation | On or near Bath Court |
| Jan 2024 | Anti-social behaviour | On or near Bath Court | |
| Jan 2024 | Anti-social behaviour | On or near Bath Court | |
| Jan 2024 | Anti-social behaviour | On or near Bath Court | |
| Jan 2024 | Anti-social behaviour | On or near Bath Court |