£104,133
This estimated value is based upon the latest sale price for the house of £67,250 on 20 Jun 2014. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£67,250 | 20 Jun 2014 |
Terraced |
Freehold |
Floor Area: 72 sq meters or 775 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 June 2014 the House Price Index for NORTHUMBERLAND was 96.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 54.845%.Applying this 54.845% change to the original purchase price of £67,250 results in an estimated price of approximately £104,133.
20 Jun 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
96.7 | 149.7 | 54.845 % | £67,250 | £36,883 | £104,133 |
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 | 32.487 % | £21,847 | £89,097 |
3 Month Average | 50.580 % | £34,015 | £101,265 |
6 Month Average | 31.511 % | £21,191 | £88,441 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £81,248 | £80,000 | 81 WILLOW CRESCENT |
23 Mar 2023 | £122,038 | £120,000 | 2 CRAMLINGTON COURT CRAMLINGTON TERRACE |
22 Mar 2023 | £106,356 | £104,580 | 10 LINKS VIEW |
20 Jan 2023 | £125,335 | £125,000 | 8 CARRSIDE MEWS |
17 Aug 2022 | £52,847 | £52,600 | 10 CARR STREET |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 14 Jan 2014. Using an estimated price of £104,133 means this house is valued at £1,446 per sq meter (£134 per sq foot).
The average size of a house on LINKS VIEW is 87 sq meters (945 sq feet).