£178,665
This estimated value is based upon the latest sale price for the house of £120,000 on 9 Feb 2015. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£120,000 | 9 Feb 2015 |
£124,995 | 1 Dec 2006 |
£103,500 | 24 Oct 2005 |
£81,000 | 22 Dec 2003 |
£58,950 | 7 Jun 2002 |
£41,000 | 6 Mar 1998 |
£41,000 | 22 Dec 1997 |
Semi-Detached |
Freehold |
Floor Area: 48 sq meters or 516 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 February 2015 the House Price Index for NORTHUMBERLAND was 100.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 48.888%.Applying this 48.888% change to the original purchase price of £120,000 results in an estimated price of approximately £178,665.
9 Feb 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
100.5 | 149.7 | 48.888 % | £120,000 | £58,665 | £178,665 |
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 | 34.002 % | £40,802 | £160,802 |
3 Month Average | 11.334 % | £13,601 | £133,601 |
6 Month Average | 15.305 % | £18,366 | £138,366 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
23 Apr 2024 | £39,342 | £39,000 | 14 HASTINGS COURT |
1 Sep 2023 | £86,916 | £85,000 | 5 BALMORAL CLOSE |
30 Jun 2023 | £250,010 | £245,000 | 29 WOBURN DRIVE |
21 Apr 2023 | £40,711 | £39,950 | 16A PIONEER TERRACE |
15 Jul 2022 | £206,570 | £204,500 | 2 BALMORAL CLOSE |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 1 Dec 2014. Using an estimated price of £178,666 means this house is valued at £3,722 per sq meter (£345 per sq foot).
The average size of a house on WOBURN DRIVE is 80 sq meters (862 sq feet).