£55,792
This estimated value is based upon the latest sale price for the house of £42,000 on 22 Sep 2016. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £42,000 | 22 Sep 2016 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 2016 the House Price Index for NORTHUMBERLAND was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £42,000 results in an estimated price of approximately £55,792.
| 22 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.6 | 32.839 % | £42,000 | £13,792 | £55,792 |
The Postcode Pricing Model uses changes in average sales price within the NE63 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 | -5.251 % | £-2,205 | £39,794 |
| 3 Month Average | -8.371 % | £-3,515 | £38,484 |
| 6 Month Average | 20.114 % | £8,447 | £50,447 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Jul 2023 | £141,910 | £140,000 | 1 HAWTHORN ROAD |
| 27 Apr 2023 | £70,762 | £70,000 | 39 HAWTHORN ROAD |
| 31 Mar 2023 | £74,704 | £74,000 | 4 CHESTNUT STREET |
| 10 Feb 2023 | £54,963 | £55,000 | 10 HAWTHORN ROAD |
| 26 Aug 2022 | £52,359 | £52,500 | 21 CHESTNUT STREET |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 27 Jul 2016. Using an estimated price of £55,792 means this house is valued at £797 per sq meter (£74 per sq foot).
The average size of a house on WOODHORN ROAD is 95 sq meters (1,024 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Reiverdale Road | |
| Apr 2024 | Shoplifting | Under investigation | On or near Reiverdale Road |
| Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Reiverdale Road |
| Apr 2024 | Shoplifting | Awaiting court outcome | On or near Reiverdale Road |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Reiverdale Road |