£203,921
This estimated value is based upon the latest sale price for the house of £202,000 on 10 Mar 2023. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £202,000 | 10 Mar 2023 |
| £149,950 | 23 Sep 2013 |
| £138,000 | 11 Jul 2008 |
| £149,000 | 27 Jun 2008 |
| £72,995 | 27 Jul 2001 |
| £59,000 | 26 Jun 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 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 March 2023 the House Price Index for NORTHUMBERLAND was 147.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.951%.Applying this 0.951% change to the original purchase price of £202,000 results in an estimated price of approximately £203,921.
| 10 Mar 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 148.6 | 0.951 % | £202,000 | £1,921 | £203,921 |
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 | -18.714 % | £-37,802 | £164,197 |
| 3 Month Average | 11.686 % | £23,605 | £225,605 |
| 6 Month Average | 9.920 % | £20,039 | £222,039 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £242,068 | £239,950 | 20 MILLBROOK ROAD |
| 25 Aug 2023 | £221,942 | £220,000 | 26 MILLBROOK ROAD |
| 28 Jun 2023 | £204,477 | £202,000 | 36 MEDWAY PLACE |
| 10 Mar 2023 | £203,921 | £202,000 | 3 MEDWAY PLACE |
| 30 Jun 2022 | £177,509 | £175,000 | 28 MOTCOMBE WAY |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 9 Mar 2020. Using an estimated price of £203,921 means this house is valued at £2,648 per sq meter (£246 per sq foot).
The average size of a house on MEDWAY PLACE is 79 sq meters (856 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Medway Place | |
| Mar 2024 | Anti-social behaviour | On or near Medway Place | |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Medway Place |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Lapford Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Albion Way |