£291,674
This estimated value is based upon the latest sale price for the house of £170,000 on 1 Aug 2012. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £170,000 | 1 Aug 2012 |
| £184,950 | 24 Jun 2008 |
| Detached |
| Freehold |
| Floor Area: 85 sq meters or 925 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 August 2012 the House Price Index for NORTHUMBERLAND was 87.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.573%.Applying this 71.573% change to the original purchase price of £170,000 results in an estimated price of approximately £291,674.
| 1 Aug 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 149.7 | 71.573 % | £170,000 | £121,674 | £291,674 |
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 | -15.585 % | £-26,493 | £143,506 |
| 3 Month Average | 35.824 % | £60,900 | £230,900 |
| 6 Month Average | 22.843 % | £38,832 | £208,832 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £118,646 | £115,000 | 10 VIKING COURT |
| 21 Jun 2023 | £244,908 | £240,000 | 1 TRIDENT DRIVE |
| 6 Jan 2023 | £190,509 | £190,000 | 3 DOLPHIN GROVE |
| 28 Oct 2022 | £104,650 | £105,000 | 1 VIKING COURT |
| 19 Oct 2022 | £109,634 | £110,000 | 11 ROTHA COURT |
This house has a floor area of 85 sq meters or 925 sq feet when measured on 6 Jul 2009. Using an estimated price of £291,674 means this house is valued at £3,391 per sq meter (£315 per sq foot).
The average size of a house on OTUS GROVE is 129 sq meters (1,393 sq feet).
This house is the smallest in the street with a floor area of 85 sq meters (925 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Otus Grove | |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Otus Grove |
| May 2024 | Public order | Investigation complete; no suspect identified | On or near Otus Grove |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Otus Grove |
| Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Oberon Way |