£380,111
This estimated value is based upon the latest sale price for the house of £220,000 on 7 Sep 2011. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £220,000 | 7 Sep 2011 |
| Detached |
| Leasehold |
| Floor Area: 118 sq meters or 1,278 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 September 2011 the House Price Index for NORTHUMBERLAND was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.778%.Applying this 72.778% change to the original purchase price of £220,000 results in an estimated price of approximately £380,111.
| 7 Sep 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.778 % | £220,000 | £160,111 | £380,111 |
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 | -16.238 % | £-35,723 | £184,276 |
| 3 Month Average | 30.206 % | £66,454 | £286,454 |
| 6 Month Average | 33.344 % | £73,357 | £293,357 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £344,404 | £340,000 | 10 LYNDALE |
| 9 Aug 2023 | £371,248 | £368,000 | 16 LAPFORD DRIVE |
| 16 Jun 2023 | £379,598 | £375,000 | 41 LINCOLN ROAD |
| 12 Apr 2023 | £116,252 | £115,000 | 60 AVEBURY PLACE |
| 31 Mar 2023 | £267,520 | £265,000 | 31 LINCOLN ROAD |
This house has a floor area of 118 sq meters or 1,278 sq feet when measured on 27 Jul 2011. Using an estimated price of £380,111 means this house is valued at £3,200 per sq meter (£297 per sq foot).
The average size of a house on LINCOLN ROAD is 106 sq meters (1,150 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Lapford Drive |
| Mar 2024 | Public order | Under investigation | On or near Durham Road |
| Mar 2024 | Other theft | Under investigation | On or near Avebury Place |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Ellerton Way |