£144,503
This estimated value is based upon the latest sale price for the house of £115,000 on 24 May 2018. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £115,000 | 24 May 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 May 2018 the House Price Index for NORTHUMBERLAND was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £115,000 results in an estimated price of approximately £144,503.
| 24 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 149.7 | 25.655 % | £115,000 | £29,503 | £144,503 |
The Postcode Pricing Model uses changes in average sales price within the NE23 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 | 0.652 % | £749 | £115,749 |
| 3 Month Average | 16.160 % | £18,583 | £133,583 |
| 6 Month Average | 18.101 % | £20,816 | £135,816 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £118,131 | £116,000 | 40 SEA VIEW VILLAS |
| 8 Jun 2023 | £151,027 | £148,000 | 5 OLNEY CLOSE |
| 3 Mar 2023 | £139,276 | £136,950 | 8 OXFORD AVENUE |
| 23 Nov 2022 | £134,372 | £135,000 | 24 ROSEDENE VILLAS |
| 11 Nov 2022 | £149,302 | £150,000 | 6 FERNLEY VILLAS |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 10 Nov 2017. Using an estimated price of £144,504 means this house is valued at £1,505 per sq meter (£139 per sq foot).
The average size of a house on SEA VIEW VILLAS is 110 sq meters (1,189 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near B1505 | |
| Apr 2024 | Anti-social behaviour | On or near B1505 | |
| Apr 2024 | Anti-social behaviour | On or near B1505 | |
| Apr 2024 | Anti-social behaviour | On or near B1505 | |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Rosedene Villas |