£208,886
This estimated value is based upon the latest sale price for the house of £170,000 on 10 Jan 2020. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£170,000 | 10 Jan 2020 |
Detached |
Freehold |
Floor Area: 103 sq meters or 1,108 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 January 2020 the House Price Index for NORTHUMBERLAND was 121.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 22.874%.Applying this 22.874% change to the original purchase price of £170,000 results in an estimated price of approximately £208,886.
10 Jan 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.8 | 149.7 | 22.874 % | £170,000 | £38,886 | £208,886 |
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 | -14.247 % | £-24,219 | £145,780 |
3 Month Average | -7.182 % | £-12,208 | £157,791 |
6 Month Average | -9.948 % | £-16,911 | £153,088 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Oct 2022 | £204,318 | £205,000 | 10 ORCHID CLOSE |
12 Sep 2022 | £119,920 | £120,000 | 16 GLENWOOD |
15 Jul 2022 | £171,721 | £170,000 | 19 WARREN COURT |
24 Jun 2022 | £178,823 | £175,000 | 9 ORCHID CLOSE |
25 Mar 2022 | £245,324 | £235,000 | 23 WARREN COURT |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 17 Aug 2019. Using an estimated price of £208,886 means this house is valued at £2,028 per sq meter (£188 per sq foot).
The average size of a house on SORREL CLOSE is 105 sq meters (1,132 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Briardene |
Jun 2024 | Anti-social behaviour | On or near Briardene | |
Jun 2024 | Anti-social behaviour | On or near Briardene | |
Jul 2024 | Anti-social behaviour | On or near Ploverfield Close | |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Glenwood |