£213,217
This estimated value is based upon the latest sale price for the house of £44,950 on 22 May 1998. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£44,950 | 22 May 1998 |
Detached |
Freehold |
Floor Area: 211 sq meters or 2,271 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 1998 the House Price Index for NORTHUMBERLAND was 31.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 374.343%.Applying this 374.343% change to the original purchase price of £44,950 results in an estimated price of approximately £213,217.
22 May 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.6 | 149.7 | 374.343 % | £44,950 | £168,267 | £213,217 |
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 | 180.564 % | £81,163 | £126,113 |
3 Month Average | 291.282 % | £130,931 | £175,881 |
6 Month Average | 229.277 % | £103,060 | £148,010 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Apr 2024 | £191,029 | £189,370 | 10 MELVILLE AVENUE |
27 Oct 2023 | £276,275 | £270,000 | 44 MELVILLE AVENUE |
22 Sep 2023 | £117,592 | £115,000 | 373 PLESSEY ROAD |
3 Aug 2023 | £190,435 | £187,000 | 367 PLESSEY ROAD |
17 Oct 2022 | £166,444 | £167,000 | 4 FENWICK AVENUE |
This house has a floor area of 211 sq meters or 2,271 sq feet when measured on 14 Jun 2021. Using an estimated price of £213,217 means this house is valued at £1,010 per sq meter (£93 per sq foot).
The average size of a house on PLESSEY ROAD is 86 sq meters (935 sq feet).
This house is the largest in the street with a floor area of 211 sq meters (2,271 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Bicycle theft | Under investigation | On or near Newlands Road |
May 2024 | Bicycle theft | Under investigation | On or near Newlands Road |
May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Newlands Road |
Apr 2024 | Anti-social behaviour | On or near Newlands Road | |
Apr 2024 | Anti-social behaviour | On or near Newlands Road |