£1,316,059
This estimated value is based upon the latest sale price for the house of £700,000 on 14 Jan 2005. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £700,000 | 14 Jan 2005 |
| £250,000 | 10 Nov 2000 |
| Detached |
| 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 January 2005 the House Price Index for NORTHUMBERLAND was 79.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 88.008%.Applying this 88.008% change to the original purchase price of £700,000 results in an estimated price of approximately £1,316,059.
| 14 Jan 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.0 | 148.6 | 88.008 % | £700,000 | £616,059 | £1,316,059 |
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 | 61.791 % | £432,534 | £1,132,534 |
| 3 Month Average | 38.937 % | £272,561 | £972,561 |
| 6 Month Average | 27.272 % | £190,904 | £890,904 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £633,527 | £625,000 | 1 LARCHLEA |
| 25 Jul 2023 | £496,685 | £490,000 | 4 BIRNEY EDGE |
| 14 Jul 2023 | £886,937 | £875,000 | 60 EDGE HILL |
| 16 Mar 2023 | £731,895 | £725,000 | 107 EDGE HILL |
| 15 Feb 2023 | £536,139 | £536,500 | 14 LYNWOOD CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other crime | Investigation complete; no suspect identified | On or near Larchlea South |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Birney Edge |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Hillside |
| Apr 2024 | Vehicle crime | Under investigation | On or near Clovelly Place |
| Apr 2024 | Other crime | Under investigation | On or near Errington Road |