£61,911
This estimated value is based upon the latest sale price for the house of £43,000 on 10 Aug 2015. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£43,000 | 10 Aug 2015 |
£41,000 | 28 Oct 2013 |
£57,200 | 5 Feb 2009 |
Flats/Maisonettes |
Leasehold |
Floor Area: 59 sq meters or 635 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 2015 the House Price Index for NORTHUMBERLAND was 104.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 43.981%.Applying this 43.981% change to the original purchase price of £43,000 results in an estimated price of approximately £61,911.
10 Aug 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
104.0 | 149.7 | 43.981 % | £43,000 | £18,911 | £61,911 |
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 | 4.671 % | £2,008 | £45,008 |
3 Month Average | -13.814 % | £-5,939 | £37,060 |
6 Month Average | -4.434 % | £-1,906 | £41,093 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 May 2024 | £31,500 | £31,500 | 74 CHESTNUT STREET |
25 Mar 2024 | £91,404 | £90,000 | 105A HAWTHORN ROAD |
7 Mar 2024 | £68,502 | £67,450 | 83 HAWTHORN ROAD |
20 Dec 2023 | £79,957 | £77,500 | 62 HAWTHORN ROAD |
8 Dec 2023 | £77,378 | £75,000 | 78 HAWTHORN ROAD |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 20 Apr 2015. Using an estimated price of £61,912 means this house is valued at £1,049 per sq meter (£97 per sq foot).
The average size of a house on HAWTHORN ROAD is 89 sq meters (965 sq feet).