£111,324
This estimated value is based upon the latest sale price for the house of £83,000 on 24 Aug 2016. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£83,000 | 24 Aug 2016 |
£109,950 | 5 Sep 2007 |
Terraced |
Freehold |
Floor Area: 76 sq meters or 818 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 2016 the House Price Index for NORTHUMBERLAND was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.126%.Applying this 34.126% change to the original purchase price of £83,000 results in an estimated price of approximately £111,324.
24 Aug 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.6 | 149.7 | 34.126 % | £83,000 | £28,324 | £111,324 |
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 | 6.173 % | £5,123 | £88,123 |
3 Month Average | 3.136 % | £2,602 | £85,602 |
6 Month Average | 14.292 % | £11,862 | £94,862 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 May 2024 | £220,000 | £220,000 | 40 PORCHESTER DRIVE |
1 Mar 2024 | £209,214 | £206,000 | 91 PORCHESTER DRIVE |
8 Dec 2023 | £126,899 | £123,000 | 4 THIRSTON DRIVE |
17 Apr 2023 | £109,549 | £107,500 | 21 THIRSTON DRIVE |
29 Nov 2022 | £126,409 | £127,000 | 26 TANGMERE CLOSE |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 12 Dec 2015. Using an estimated price of £111,325 means this house is valued at £1,464 per sq meter (£136 per sq foot).
The average size of a house on TANGMERE CLOSE is 92 sq meters (999 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Anti-social behaviour | On or near Tangmere Close | |
Jun 2024 | Anti-social behaviour | On or near Tangmere Close | |
May 2024 | Other theft | Investigation complete; no suspect identified | On or near Tangmere Close |
May 2024 | Violence and sexual offences | Under investigation | On or near Tangmere Close |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Tangmere Close |