£71,590
This estimated value is based upon the latest sale price for the house of £62,600 on 12 Feb 2021. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£62,600 | 12 Feb 2021 |
£75,000 | 10 Sep 2012 |
Terraced |
Freehold |
Floor Area: 112 sq meters or 1,205 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 February 2021 the House Price Index for NORTHUMBERLAND was 130.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 14.362%.Applying this 14.362% change to the original purchase price of £62,600 results in an estimated price of approximately £71,590.
12 Feb 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
130.9 | 149.7 | 14.362 % | £62,600 | £8,990 | £71,590 |
The Postcode Pricing Model uses changes in average sales price within the NE22 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 | 9.495 % | £5,943 | £68,543 |
3 Month Average | -2.922 % | £-1,829 | £60,770 |
6 Month Average | -2.361 % | £-1,478 | £61,121 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Dec 2023 | £154,755 | £150,000 | 16F FRONT STREET EAST |
1 Dec 2023 | £113,487 | £110,000 | 1 HOLLYMOUNT AVENUE |
27 Oct 2023 | £143,254 | £140,000 | 53 HOLLYMOUNT SQUARE |
16 Oct 2023 | £184,183 | £180,000 | 51 HOLLYMOUNT SQUARE |
25 Jan 2023 | £140,375 | £140,000 | 22 FRONT STREET EAST |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 10 Sep 2012. Using an estimated price of £71,591 means this house is valued at £639 per sq meter (£59 per sq foot).
The average size of a house on HOLLYMOUNT AVENUE is 121 sq meters (1,307 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Hollymount Avenue |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Hollymount Avenue |