£117,628
This estimated value is based upon the latest sale price for the house of £91,000 on 7 Apr 2017. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
There has been one burglary within the last year on or near South Road
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| Price Paid | Date |
|---|---|
| £91,000 | 7 Apr 2017 |
| £82,500 | 18 Sep 2015 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 April 2017 the House Price Index for NORTHUMBERLAND was 115.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.262%.Applying this 29.262% change to the original purchase price of £91,000 results in an estimated price of approximately £117,628.
| 7 Apr 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.0 | 148.6 | 29.262 % | £91,000 | £26,628 | £117,628 |
The Postcode Pricing Model uses changes in average sales price within the NE71 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 | 16.129 % | £14,677 | £105,677 |
| 3 Month Average | -16.996 % | £-15,466 | £75,533 |
| 6 Month Average | 50.694 % | £46,131 | £137,131 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £91,603 | £90,000 | 58 WEETWOOD AVENUE |
| 15 Sep 2023 | £202,590 | £200,000 | 23 CHURCH STREET |
| 24 Aug 2023 | £126,103 | £125,000 | 76 WEETWOOD AVENUE |
| 30 Jun 2023 | £91,104 | £90,000 | 87 WEETWOOD AVENUE |
| 24 Mar 2023 | £353,278 | £349,950 | 7 - 9 SOUTH ROAD |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 4 Mar 2015. Using an estimated price of £117,629 means this house is valued at £1,434 per sq meter (£133 per sq foot).
The average size of a house on WEETWOOD AVENUE is 78 sq meters (846 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near South Road | |
| Mar 2024 | Anti-social behaviour | On or near South Road | |
| Feb 2024 | Other theft | Under investigation | On or near South Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near South Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near South Road |