£71,690
This estimated value is based upon the latest sale price for the house of £58,000 on 5 Sep 2019. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £58,000 | 5 Sep 2019 |
| £60,000 | 9 Nov 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 68 sq meters or 731 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 2019 the House Price Index for NORTHUMBERLAND was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.605%.Applying this 23.605% change to the original purchase price of £58,000 results in an estimated price of approximately £71,690.
| 5 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.605 % | £58,000 | £13,690 | £71,690 |
The Postcode Pricing Model uses changes in average sales price within the NE24 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 | 33.506 % | £19,433 | £77,433 |
| 3 Month Average | 34.657 % | £20,101 | £78,101 |
| 6 Month Average | 12.700 % | £7,366 | £65,366 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Apr 2024 | £50,438 | £50,000 | 11A NEWSHAM ROAD |
| 31 Oct 2023 | £57,301 | £56,000 | 53 NEWSHAM ROAD |
| 21 Jun 2023 | £60,207 | £59,000 | 69 NEWSHAM ROAD |
| 24 Mar 2023 | £91,529 | £90,000 | 57 SECOND AVENUE |
| 17 Feb 2023 | £55,370 | £55,000 | 32 VICTORIA MEWS |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 28 Feb 2019. Using an estimated price of £71,691 means this house is valued at £1,054 per sq meter (£97 per sq foot).
The average size of a house on SECOND AVENUE is 80 sq meters (870 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Second Avenue |
| Jul 2024 | Anti-social behaviour | On or near Second Avenue | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Second Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Second Avenue |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Second Avenue |