£84,021
This estimated value is based upon the latest sale price for the house of £57,000 on 31 Mar 2015. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£57,000 | 31 Mar 2015 |
£43,000 | 22 Mar 2012 |
£31,000 | 23 Dec 2002 |
£23,950 | 29 Mar 1996 |
Terraced |
Freehold |
Floor Area: 97 sq meters or 1,044 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 March 2015 the House Price Index for NORTHUMBERLAND was 100.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 47.407%.Applying this 47.407% change to the original purchase price of £57,000 results in an estimated price of approximately £84,021.
31 Mar 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
100.8 | 148.6 | 47.407 % | £57,000 | £27,021 | £84,021 |
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 | 76.259 % | £43,467 | £100,467 |
3 Month Average | -18.467 % | £-10,526 | £46,473 |
6 Month Average | 8.970 % | £5,112 | £62,112 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Dec 2023 | £225,953 | £222,000 | 106 MILBURN ROAD |
7 Nov 2023 | £45,676 | £45,000 | 60 MILBURN ROAD |
22 Sep 2023 | £35,453 | £35,000 | 28 PONT STREET |
21 Jul 2023 | £70,955 | £70,000 | 39 PONT STREET |
2 Jun 2023 | £63,772 | £63,000 | 77 PONT STREET |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 5 Jun 2013. Using an estimated price of £84,022 means this house is valued at £866 per sq meter (£80 per sq foot).
The average size of a house on MILBURN ROAD is 90 sq meters (977 sq feet).