£207,889
This estimated value is based upon the latest sale price for the house of £154,995 on 12 Aug 2016. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£154,995 | 12 Aug 2016 |
£71,750 | 31 Aug 2000 |
Detached |
Freehold |
Floor Area: 80 sq meters or 861 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 2016 the House Price Index for NORTHUMBERLAND was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.126%.Applying this 34.126% change to the original purchase price of £154,995 results in an estimated price of approximately £207,889.
12 Aug 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.6 | 149.7 | 34.126 % | £154,995 | £52,894 | £207,889 |
The Postcode Pricing Model uses changes in average sales price within the NE24 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 | -3.754 % | £-5,819 | £149,175 |
3 Month Average | 51.772 % | £80,243 | £235,238 |
6 Month Average | 20.870 % | £32,346 | £187,341 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Apr 2024 | £191,029 | £189,370 | 10 MELVILLE AVENUE |
27 Oct 2023 | £276,275 | £270,000 | 44 MELVILLE AVENUE |
22 Sep 2023 | £117,592 | £115,000 | 373 PLESSEY ROAD |
3 Aug 2023 | £190,435 | £187,000 | 367 PLESSEY ROAD |
31 Jan 2023 | £225,603 | £225,000 | 23 GRANGE CLOSE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 20 Mar 2015. Using an estimated price of £207,889 means this house is valued at £2,598 per sq meter (£241 per sq foot).
The average size of a house on MELVILLE AVENUE is 109 sq meters (1,180 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Other crime | Under investigation | On or near Barras Avenue |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Barras Avenue |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Grange Close |
Apr 2024 | Criminal damage and arson | Under investigation | On or near Farnham Grove |
Jul 2024 | Bicycle theft | Under investigation | On or near Newlands Road |