£165,043
This estimated value is based upon the latest sale price for the house of £119,250 on 4 Dec 2015. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£119,250 | 4 Dec 2015 |
£88,500 | 5 Dec 2003 |
£40,500 | 3 Nov 1999 |
£38,500 | 12 Sep 1997 |
Terraced |
Leasehold |
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 December 2015 the House Price Index for NORTHUMBERLAND was 107.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 38.401%.Applying this 38.401% change to the original purchase price of £119,250 results in an estimated price of approximately £165,043.
4 Dec 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
107.4 | 148.6 | 38.401 % | £119,250 | £45,793 | £165,043 |
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 | -22.538 % | £-26,877 | £92,372 |
3 Month Average | 18.481 % | £22,038 | £141,288 |
6 Month Average | 19.826 % | £23,642 | £142,892 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £213,156 | £210,000 | 3 OULTON CLOSE |
29 Sep 2023 | £141,813 | £140,000 | 24 OULTON CLOSE |
31 Aug 2023 | £181,589 | £180,000 | 11 OAKLEY DRIVE |
8 Jun 2023 | £149,815 | £148,000 | 5 OLNEY CLOSE |
14 Mar 2023 | £111,046 | £110,000 | 13 OXTED CLOSE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 9 Oct 2015. Using an estimated price of £165,044 means this house is valued at £2,427 per sq meter (£225 per sq foot).
The average size of a house on OLNEY CLOSE is 81 sq meters (873 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Olney Close |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Olney Close |
Mar 2024 | Other crime | Investigation complete; no suspect identified | On or near Otley Close |
Apr 2024 | Anti-social behaviour | On or near B1505 | |
Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near B1505 |