£161,615
This estimated value is based upon the latest sale price for the house of £93,500 on 26 Aug 2011. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £93,500 | 26 Aug 2011 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 813 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 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 72.850%.Applying this 72.850% change to the original purchase price of £93,500 results in an estimated price of approximately £161,615.
| 26 Aug 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.850 % | £93,500 | £68,115 | £161,615 |
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 | 49.251 % | £46,049 | £139,549 |
| 3 Month Average | 9.710 % | £9,079 | £102,579 |
| 6 Month Average | 57.090 % | £53,378 | £146,878 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £223,306 | £220,000 | 7 BROOMEY ROAD |
| 31 Aug 2023 | £169,987 | £168,500 | 31 RAMSEYS LANE |
| 3 Aug 2023 | £137,200 | £136,000 | 6 BROOMEY ROAD |
| 10 Mar 2023 | £119,122 | £118,000 | 17 HIGH FAIR |
| 14 Oct 2022 | £121,690 | £123,000 | 1 OLIVER ROAD |
This house has a floor area of 75 sq meters or 813 sq feet when measured on 15 Apr 2011. Using an estimated price of £161,615 means this house is valued at £2,137 per sq meter (£198 per sq foot).
The average size of a house on HIGH FAIR is 86 sq meters (927 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Oliver Place |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Oliver Place |
| Jan 2024 | Other theft | Under investigation | On or near Oliver Place |
| Apr 2024 | Other crime | Under investigation | On or near Ramsey Lane |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ramsey Lane |