£54,867
This estimated value is based upon the latest sale price for the house of £41,000 on 30 Sep 2016. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
Get our free house price tracker.
Price Paid | Date |
---|---|
£41,000 | 30 Sep 2016 |
Terraced |
Freehold |
Floor Area: 73 sq meters or 785 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 2016 the House Price Index for NORTHUMBERLAND was 111.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.822%.Applying this 33.822% change to the original purchase price of £41,000 results in an estimated price of approximately £54,867.
30 Sep 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.9 | 149.7 | 33.822 % | £41,000 | £13,867 | £54,867 |
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 | -11.093 % | £-4,547 | £36,452 |
3 Month Average | 4.057 % | £1,663 | £42,663 |
6 Month Average | 0.689 % | £282 | £41,282 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 May 2024 | £31,500 | £31,500 | 74 CHESTNUT STREET |
7 Mar 2024 | £68,502 | £67,450 | 83 HAWTHORN ROAD |
15 Sep 2023 | £58,796 | £57,500 | 80 CHESTNUT STREET |
3 Aug 2023 | £42,771 | £42,000 | 80 SYCAMORE STREET |
27 Jun 2023 | £25,511 | £25,000 | 14 SECOND AVENUE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 15 Jun 2016. Using an estimated price of £54,867 means this house is valued at £751 per sq meter (£69 per sq foot).
The average size of a house on CHESTNUT STREET is 76 sq meters (823 sq feet).