£232,282
This estimated value is based upon the latest sale price for the house of £175,000 on 18 Nov 2016. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£175,000 | 18 Nov 2016 |
£130,000 | 1 May 2009 |
Detached |
Freehold |
Floor Area: 79 sq meters or 850 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 2016 the House Price Index for NORTHUMBERLAND was 112.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.733%.Applying this 32.733% change to the original purchase price of £175,000 results in an estimated price of approximately £232,282.
18 Nov 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
112.8 | 149.7 | 32.733 % | £175,000 | £57,282 | £232,282 |
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 | -30.048 % | £-52,584 | £122,415 |
3 Month Average | 8.515 % | £14,900 | £189,900 |
6 Month Average | 2.560 % | £4,480 | £179,480 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Apr 2024 | £302,628 | £300,000 | 9 CHAFFINCH COURT |
20 Jan 2023 | £190,459 | £189,950 | 11 CHAFFINCH COURT |
11 Jan 2023 | £310,831 | £310,000 | 5 HEDGEROW MEWS |
4 Jan 2023 | £179,480 | £179,000 | 21 MAGPIE COURT |
15 Jul 2022 | £302,986 | £299,950 | 5 CHAFFINCH COURT |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 11 Oct 2016. Using an estimated price of £232,283 means this house is valued at £2,940 per sq meter (£273 per sq foot).
The average size of a house on FALLOWFIELD WAY is 75 sq meters (817 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Under investigation | On or near Ryedale Close |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Oatfield Close |
Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Oatfield Close |
May 2024 | Violence and sexual offences | Under investigation | On or near Oatfield Close |
Jun 2024 | Other crime | Under investigation | On or near Stonecross |