£430,344
This estimated value is based upon the latest sale price for the house of £162,000 on 18 Oct 2002. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£162,000 | 18 Oct 2002 |
Detached |
Freehold |
Floor Area: 124 sq meters or 1,334 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 October 2002 the House Price Index for NORTHUMBERLAND was 56.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 165.645%.Applying this 165.645% change to the original purchase price of £162,000 results in an estimated price of approximately £430,344.
18 Oct 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
56.4 | 149.7 | 165.645 % | £162,000 | £268,344 | £430,344 |
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 | 47.364 % | £76,730 | £238,730 |
3 Month Average | 98.514 % | £159,592 | £321,592 |
6 Month Average | 97.762 % | £158,374 | £320,374 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Jun 2023 | £253,072 | £248,000 | 7 ST NICHOLAS DRIVE |
15 Jun 2023 | £251,031 | £246,000 | 9 ST NICHOLAS DRIVE |
1 Feb 2023 | £306,548 | £304,500 | 9 HUMFORD WAY |
21 Nov 2022 | £94,558 | £95,000 | 1 MILLFIELD |
1 Aug 2022 | £381,785 | £380,000 | 50 HUMFORD WAY |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 8 Nov 2017. Using an estimated price of £430,345 means this house is valued at £3,470 per sq meter (£322 per sq foot).
The average size of a house on HUMFORD WAY is 141 sq meters (1,524 sq feet).