£83,261
This estimated value is based upon the latest sale price for the house of £67,000 on 17 Dec 2018. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£67,000 | 17 Dec 2018 |
£45,500 | 25 Oct 2004 |
Semi-Detached |
Freehold |
Floor Area: 79 sq meters or 850 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 December 2018 the House Price Index for NORTHUMBERLAND was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £67,000 results in an estimated price of approximately £83,261.
17 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.5 | 149.7 | 24.271 % | £67,000 | £16,261 | £83,261 |
The Postcode Pricing Model uses changes in average sales price within the NE22 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 | 38.986 % | £26,120 | £93,120 |
3 Month Average | 17.284 % | £11,580 | £78,580 |
6 Month Average | 13.333 % | £8,933 | £75,933 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £77,378 | £75,000 | 66A VICTORIA TERRACE |
22 Aug 2023 | £106,929 | £105,000 | 8 ROTHESAY TERRACE |
28 Apr 2023 | £50,953 | £50,000 | 57A VICTORIA TERRACE |
10 Mar 2023 | £55,934 | £55,000 | 78A ROTHESAY TERRACE |
30 Nov 2022 | £124,418 | £125,000 | 65 WOOD LANE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 28 Aug 2018. Using an estimated price of £83,262 means this house is valued at £1,053 per sq meter (£97 per sq foot).
The average size of a house on WOOD LANE is 86 sq meters (929 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Criminal damage and arson | Under investigation | On or near Wood Lane |
Jun 2024 | Anti-social behaviour | On or near Wood Lane | |
Jun 2024 | Criminal damage and arson | Under investigation | On or near Wood Lane |
Jun 2024 | Public order | Under investigation | On or near Wood Lane |
Jun 2024 | Anti-social behaviour | On or near Wood Lane |