£61,029
This estimated value is based upon the latest sale price for the house of £17,500 on 9 Apr 2001. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
Get our free house price tracker.
Price Paid | Date |
---|---|
£17,500 | 9 Apr 2001 |
Flats/Maisonettes |
Leasehold |
Floor Area: 56 sq meters or 602 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 April 2001 the House Price Index for NORTHUMBERLAND was 42.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 248.739%.Applying this 248.739% change to the original purchase price of £17,500 results in an estimated price of approximately £61,029.
9 Apr 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
42.9 | 149.7 | 248.739 % | £17,500 | £43,529 | £61,029 |
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 | 110.089 % | £19,265 | £36,765 |
3 Month Average | 133.240 % | £23,317 | £40,817 |
6 Month Average | 124.615 % | £21,807 | £39,307 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £40,623 | £39,999 | 74A POPLAR STREET |
4 Dec 2023 | £40,752 | £39,500 | 104A POPLAR STREET |
24 Nov 2023 | £61,563 | £60,000 | 88 POPLAR STREET |
23 Oct 2023 | £51,674 | £50,500 | 85 SYCAMORE STREET |
10 Oct 2023 | £100,278 | £98,000 | 7 SECOND AVENUE |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 4 Jul 2013. Using an estimated price of £61,029 means this house is valued at £1,089 per sq meter (£101 per sq foot).
The average size of a house on SYCAMORE STREET is 79 sq meters (853 sq feet).