£504,076
This estimated value is based upon the latest sale price for the house of £405,000 on 21 Jun 2019. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£405,000 | 21 Jun 2019 |
£370,000 | 12 Nov 2014 |
Detached |
Freehold |
Floor Area: 206 sq meters or 2,217 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 June 2019 the House Price Index for NORTHUMBERLAND was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.463%.Applying this 24.463% change to the original purchase price of £405,000 results in an estimated price of approximately £504,076.
21 Jun 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 149.7 | 24.463 % | £405,000 | £99,076 | £504,076 |
The Postcode Pricing Model uses changes in average sales price within the NE23 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 | -9.163 % | £-37,111 | £367,888 |
3 Month Average | 11.680 % | £47,305 | £452,305 |
6 Month Average | 5.161 % | £20,900 | £425,900 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Sep 2023 | £572,623 | £560,000 | 65 RICHMOND WAY |
15 Sep 2023 | £403,904 | £395,000 | 46 RICHMOND WAY |
27 Apr 2023 | £303,680 | £298,000 | 18 LAMONBY WAY |
15 Jul 2022 | £522,738 | £517,500 | 11 RICHMOND WAY |
16 May 2022 | £528,776 | £515,000 | 41 RICHMOND WAY |
This house has a floor area of 206 sq meters or 2,217 sq feet when measured on 20 Sep 2013. Using an estimated price of £504,076 means this house is valued at £2,446 per sq meter (£227 per sq foot).
The average size of a house on ROMFORD CLOSE is 219 sq meters (2,362 sq feet).
This house is the largest in the street with a floor area of 206 sq meters (2,217 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Lamonby Way | |
May 2024 | Burglary | Investigation complete; no suspect identified | On or near Roslin Way |
Jul 2024 | Anti-social behaviour | On or near Latton Close | |
Jul 2024 | Anti-social behaviour | On or near Gowanburn | |
May 2024 | Anti-social behaviour | On or near Latton Close |