£282,351
This estimated value is based upon the latest sale price for the house of £182,000 on 2 Nov 2007. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£182,000 | 2 Nov 2007 |
£79,000 | 4 May 2001 |
£66,000 | 2 Feb 1996 |
Semi-Detached |
Freehold |
Floor Area: 92 sq meters or 996 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 November 2007 the House Price Index for NORTHUMBERLAND was 95.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.138%.Applying this 55.138% change to the original purchase price of £182,000 results in an estimated price of approximately £282,351.
2 Nov 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.8 | 148.6 | 55.138 % | £182,000 | £100,351 | £282,351 |
The Postcode Pricing Model uses changes in average sales price within the NE63 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 | -19.797 % | £-36,029 | £145,970 |
3 Month Average | -26.720 % | £-48,630 | £133,369 |
6 Month Average | -2.842 % | £-5,172 | £176,827 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Mar 2024 | £110,000 | £110,000 | 4 LAVENDER COURT |
22 Dec 2023 | £213,740 | £210,000 | 40 GROUSEMOOR DRIVE |
28 Jul 2023 | £319,297 | £315,000 | 12 LAUREL DRIVE |
26 Jun 2023 | £141,717 | £140,000 | 18 LARCHWOOD DRIVE |
18 Feb 2022 | £176,181 | £168,000 | 4 LILAC COURT |
This house has a floor area of 92 sq meters or 996 sq feet when measured on 1 May 2009. Using an estimated price of £282,352 means this house is valued at £3,049 per sq meter (£283 per sq foot).
The average size of a house on MAGNOLIA DRIVE is 102 sq meters (1,108 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Anti-social behaviour | On or near Magnolia Drive | |
Jan 2024 | Anti-social behaviour | On or near Magnolia Drive | |
Jan 2024 | Anti-social behaviour | On or near Magnolia Drive | |
Jan 2024 | Anti-social behaviour | On or near Magnolia Drive | |
Jan 2024 | Anti-social behaviour | On or near Magnolia Drive |