£235,634
This estimated value is based upon the latest sale price for the house of £162,500 on 24 Jul 2015. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£162,500 | 24 Jul 2015 |
£165,000 | 22 Oct 2010 |
£160,000 | 31 Mar 2006 |
£80,995 | 30 Mar 2001 |
Detached |
Freehold |
Floor Area: 99 sq meters or 1,075 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 July 2015 the House Price Index for NORTHUMBERLAND was 103.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 45.006%.Applying this 45.006% change to the original purchase price of £162,500 results in an estimated price of approximately £235,634.
24 Jul 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
103.2 | 149.7 | 45.006 % | £162,500 | £73,134 | £235,634 |
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 | -2.793 % | £-4,538 | £157,961 |
3 Month Average | -1.446 % | £-2,349 | £160,150 |
6 Month Average | 1.405 % | £2,282 | £164,782 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Apr 2024 | £232,015 | £230,000 | 15 CHATSWORTH DRIVE |
6 Oct 2023 | £255,810 | £250,000 | 3 NEWBY CLOSE |
28 Jun 2023 | £101,025 | £99,000 | 31 STIRLING DRIVE |
3 Apr 2023 | £120,249 | £118,000 | 39 STIRLING DRIVE |
12 Jan 2023 | £268,718 | £268,000 | 37 CHATSWORTH DRIVE |
This house has a floor area of 99 sq meters or 1,075 sq feet when measured on 23 Mar 2010. Using an estimated price of £235,635 means this house is valued at £2,358 per sq meter (£219 per sq foot).
The average size of a house on NEWBY CLOSE is 120 sq meters (1,293 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Stirling Drive |
Jul 2024 | Vehicle crime | Under investigation | On or near Balmoral Close |