£75,206
This estimated value is based upon the latest sale price for the house of £16,000 on 21 Aug 1998. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£16,000 | 21 Aug 1998 |
Terraced |
Freehold |
Floor Area: 66 sq meters or 710 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 August 1998 the House Price Index for NORTHUMBERLAND was 31.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 370.042%.Applying this 370.042% change to the original purchase price of £16,000 results in an estimated price of approximately £75,206.
21 Aug 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.8 | 149.7 | 370.042 % | £16,000 | £59,206 | £75,206 |
The Postcode Pricing Model uses changes in average sales price within the NE63 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 | 137.142 % | £21,942 | £37,942 |
3 Month Average | 143.244 % | £22,919 | £38,919 |
6 Month Average | 151.309 % | £24,209 | £40,209 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £54,843 | £54,000 | 285 ROSALIND STREET |
31 Oct 2023 | £68,557 | £67,000 | 10 CEDAR TERRACE |
25 Oct 2023 | £37,732 | £36,875 | 265 HAWTHORN ROAD |
25 Sep 2023 | £72,600 | £71,000 | 6 CEDAR TERRACE |
21 Jul 2022 | £72,325 | £71,600 | 249 ROSALIND STREET |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 21 Sep 2021. Using an estimated price of £75,207 means this house is valued at £1,139 per sq meter (£105 per sq foot).
The average size of a house on HAWTHORN ROAD is 89 sq meters (965 sq feet).