£118,449
This estimated value is based upon the latest sale price for the house of £69,995 on 30 Nov 2012. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£69,995 | 30 Nov 2012 |
Flats/Maisonettes |
Leasehold |
Floor Area: 40 sq meters or 430 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 November 2012 the House Price Index for NORTHUMBERLAND was 87.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.226%.Applying this 69.226% change to the original purchase price of £69,995 results in an estimated price of approximately £118,449.
30 Nov 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.8 | 148.6 | 69.226 % | £69,995 | £48,454 | £118,449 |
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 | 14.619 % | £10,232 | £80,227 |
3 Month Average | -5.481 % | £-3,836 | £66,158 |
6 Month Average | 18.902 % | £13,230 | £83,225 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Nov 2023 | £111,653 | £110,000 | 36 REDWORTH MEWS |
25 Sep 2023 | £71,920 | £71,000 | 6 CEDAR TERRACE |
15 Sep 2023 | £84,075 | £83,000 | 9 ELDER SQUARE |
17 Aug 2023 | £78,688 | £78,000 | 34 SEVENTH AVENUE |
4 Aug 2023 | £60,530 | £60,000 | 8 SEVENTH AVENUE |
This house has a floor area of 40 sq meters or 430 sq feet when measured on 22 Nov 2012. Using an estimated price of £118,449 means this house is valued at £2,961 per sq meter (£275 per sq foot).
The average size of a house on REDWORTH MEWS is 54 sq meters (587 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Seventh Avenue |
Apr 2024 | Anti-social behaviour | On or near Seventh Avenue | |
Mar 2024 | Anti-social behaviour | On or near Seventh Avenue | |
Mar 2024 | Anti-social behaviour | On or near Seventh Avenue | |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Seventh Avenue |