£305,612
This estimated value is based upon the latest sale price for the house of £248,000 on 3 Oct 2018. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £248,000 | 3 Oct 2018 |
| £215,000 | 12 Dec 2008 |
| £124,500 | 12 Oct 2001 |
| £108,995 | 25 Feb 2000 |
| Detached |
| Freehold |
| Floor Area: 118 sq meters or 1,270 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 October 2018 the House Price Index for NORTHUMBERLAND was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £248,000 results in an estimated price of approximately £305,612.
| 3 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £248,000 | £57,612 | £305,612 |
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 | -35.184 % | £-87,255 | £160,744 |
| 3 Month Average | 1.651 % | £4,094 | £252,094 |
| 6 Month Average | 24.004 % | £59,530 | £307,530 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £254,452 | £250,000 | 14 CHOLLERTON DRIVE |
| 3 Nov 2023 | £279,133 | £275,000 | 14 ACOMB COURT |
| 6 Jul 2022 | £128,679 | £128,333 | 23 BIRTLEY CRESCENT |
| 5 Jul 2022 | £131,354 | £131,000 | 30 BIRTLEY CRESCENT |
| 20 Jun 2022 | £162,294 | £160,000 | 6 BIRTLEY CRESCENT |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 18 May 2018. Using an estimated price of £305,613 means this house is valued at £2,589 per sq meter (£240 per sq foot).
The average size of a house on CHOLLERTON DRIVE is 137 sq meters (1,482 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Slaley Court |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Slaley Court |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Birtley Crescent |
| Feb 2024 | Anti-social behaviour | On or near Bellingham Court | |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Bellingham Court |