£147,407
This estimated value is based upon the latest sale price for the house of £70,000 on 12 Mar 2004. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£70,000 | 12 Mar 2004 |
£29,950 | 18 Jul 1997 |
Semi-Detached |
Freehold |
Floor Area: 68 sq meters or 731 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 2004 the House Price Index for NORTHUMBERLAND was 71.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 110.582%.Applying this 110.582% change to the original purchase price of £70,000 results in an estimated price of approximately £147,407.
12 Mar 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
71.1 | 149.7 | 110.582 % | £70,000 | £77,407 | £147,407 |
The Postcode Pricing Model uses changes in average sales price within the NE22 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 | 50.022 % | £35,015 | £105,015 |
3 Month Average | 86.839 % | £60,787 | £130,787 |
6 Month Average | 67.381 % | £47,166 | £117,166 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Apr 2024 | £51,951 | £51,500 | 12 RED HOUSE FARM ESTATE |
27 Oct 2023 | £120,231 | £117,500 | 92 WESTLEA |
20 Sep 2023 | £117,592 | £115,000 | 14 LINK AVENUE |
27 Jan 2023 | £105,281 | £105,000 | 19 MEADOWDALE CRESCENT |
12 Jan 2023 | £125,335 | £125,000 | 30 WESTLEA |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 30 Jun 2014. Using an estimated price of £147,408 means this house is valued at £2,167 per sq meter (£201 per sq foot).
The average size of a house on WESTLEA is 83 sq meters (894 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Netherton Lane |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Netherton Lane |
May 2024 | Violence and sexual offences | Under investigation | On or near Netherton Lane |
May 2024 | Other theft | Investigation complete; no suspect identified | On or near Netherton Lane |
May 2024 | Drugs | Under investigation | On or near Netherton Lane |