£177,600
This estimated value is based upon the latest sale price for the house of £105,000 on 14 Dec 2012. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £105,000 | 14 Dec 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 841 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 December 2012 the House Price Index for NORTHUMBERLAND was 87.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.144%.Applying this 69.144% change to the original purchase price of £105,000 results in an estimated price of approximately £177,600.
| 14 Dec 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.9 | 148.6 | 69.144 % | £105,000 | £72,600 | £177,600 |
The Postcode Pricing Model uses changes in average sales price within the NE71 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 | 47.817 % | £50,208 | £155,208 |
| 3 Month Average | -6.483 % | £-6,806 | £98,193 |
| 6 Month Average | 43.416 % | £45,587 | £150,587 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £173,027 | £170,000 | 60 HIGH STREET |
| 27 Nov 2023 | £223,306 | £220,000 | 7 BROOMEY ROAD |
| 31 Aug 2023 | £169,987 | £168,500 | 31 RAMSEYS LANE |
| 3 Aug 2023 | £137,200 | £136,000 | 6 BROOMEY ROAD |
| 23 Jun 2023 | £202,452 | £200,000 | 81 HIGH STREET |
This house has a floor area of 78 sq meters or 841 sq feet when measured on 18 Oct 2011. Using an estimated price of £177,601 means this house is valued at £2,271 per sq meter (£211 per sq foot).
The average size of a house on OLIVER ROAD is 82 sq meters (883 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Oliver Place |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Oliver Place |
| Jan 2024 | Other theft | Under investigation | On or near Oliver Place |
| Apr 2024 | Other crime | Under investigation | On or near Ramsey Lane |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Ramsey Lane |