£323,441
This estimated value is based upon the latest sale price for the house of £260,000 on 4 Sep 2018. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £260,000 | 4 Sep 2018 |
| £243,000 | 23 Sep 2016 |
| £228,995 | 20 Dec 2006 |
| Terraced |
| Freehold |
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 September 2018 the House Price Index for NORTHUMBERLAND was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.401%.Applying this 24.401% change to the original purchase price of £260,000 results in an estimated price of approximately £323,441.
| 4 Sep 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.401 % | £260,000 | £63,441 | £323,441 |
The Postcode Pricing Model uses changes in average sales price within the NE20 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 | 71.543 % | £186,013 | £446,013 |
| 3 Month Average | 16.667 % | £43,333 | £303,333 |
| 6 Month Average | 12.608 % | £32,779 | £292,779 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £337,439 | £330,000 | 8 THE LAIRAGE |
| 21 Apr 2023 | £224,193 | £220,000 | HEDLEY HOUSE MEADOWFIELD INDUSTRIAL ESTATE |
| 19 Jan 2023 | £200,536 | £200,000 | 4 KIRKLEY DRIVE |
| 1 Sep 2022 | £394,736 | £395,000 | 8 ROTHLEY CLOSE |
| 8 Aug 2022 | £266,245 | £265,000 | 10 BEECHWOOD PLACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near The Lairage | |
| Apr 2024 | Anti-social behaviour | On or near The Lairage | |
| Apr 2024 | Anti-social behaviour | On or near The Lairage | |
| Apr 2024 | Anti-social behaviour | On or near The Lairage | |
| Jun 2024 | Anti-social behaviour | On or near West Road |