£87,831
This estimated value is based upon the latest sale price for the house of £55,000 on 18 May 2007. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
There has been one burglary within the last year on or near Richard Street
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Price Paid | Date |
---|---|
£55,000 | 18 May 2007 |
£8,000 | 21 May 2002 |
Flats/Maisonettes |
Freehold |
Floor Area: 95 sq meters or 1,022 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 2007 the House Price Index for NORTHUMBERLAND was 93.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.693%.Applying this 59.693% change to the original purchase price of £55,000 results in an estimated price of approximately £87,831.
18 May 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.1 | 148.6 | 59.693 % | £55,000 | £32,831 | £87,831 |
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 | 120.785 % | £66,431 | £121,431 |
3 Month Average | 2.553 % | £1,404 | £56,404 |
6 Month Average | 2.766 % | £1,521 | £56,521 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Nov 2023 | £60,902 | £60,000 | 23 COOMASSIE ROAD |
31 Jul 2023 | £76,023 | £75,000 | 4 ALDBOROUGH STREET |
30 Jun 2023 | £60,736 | £60,000 | 19 COOMASSIE ROAD |
6 Apr 2023 | £55,599 | £55,000 | 2 ALDBOROUGH STREET |
20 Jul 2022 | £98,214 | £97,950 | 21 COOMASSIE ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 10 Nov 2015. Using an estimated price of £87,831 means this house is valued at £924 per sq meter (£85 per sq foot).
The average size of a house on RICHARD STREET is 81 sq meters (875 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Anti-social behaviour | On or near Richard Street | |
Apr 2024 | Burglary | Under investigation | On or near Richard Street |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Richard Street |
Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Rowley Street |
Jan 2024 | Anti-social behaviour | On or near Rowley Street |