£638,671
This estimated value is based upon the latest sale price for the house of £375,000 on 31 Aug 2012. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £375,000 | 31 Aug 2012 |
| Detached |
| Leasehold |
| Floor Area: 171 sq meters or 1,840 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 August 2012 the House Price Index for NORTHUMBERLAND was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.312%.Applying this 70.312% change to the original purchase price of £375,000 results in an estimated price of approximately £638,671.
| 31 Aug 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.6 | 70.312 % | £375,000 | £263,671 | £638,671 |
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 | -18.546 % | £-69,549 | £305,450 |
| 3 Month Average | 24.825 % | £93,095 | £468,095 |
| 6 Month Average | 34.468 % | £129,256 | £504,256 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Jul 2022 | £245,661 | £245,000 | 83 BEECH AVENUE |
| 1 Jul 2022 | £260,702 | £260,000 | 33 BEECH AVENUE |
| 11 Feb 2022 | £62,922 | £60,000 | 50 LANERCOST PARK |
| 7 Dec 2021 | £138,208 | £129,000 | 28 BEECH AVENUE |
| 30 Jul 2021 | £247,092 | £215,000 | 57 BEECH AVENUE |
This house has a floor area of 171 sq meters or 1,840 sq feet when measured on 16 Oct 2011. Using an estimated price of £638,672 means this house is valued at £3,734 per sq meter (£346 per sq foot).
The average size of a house on THE PADDOCK is 279 sq meters (3,008 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near The Paddock |
| Feb 2024 | Other crime | Under investigation | On or near The Paddock |
| Mar 2024 | Anti-social behaviour | On or near Alston Avenue | |
| Mar 2024 | Anti-social behaviour | On or near Alston Avenue | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Beech Avenue |