£222,991
This estimated value is based upon the latest sale price for the house of £168,000 on 11 Nov 2016. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£168,000 | 11 Nov 2016 |
Detached |
Leasehold |
Floor Area: 90 sq meters or 968 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 2016 the House Price Index for NORTHUMBERLAND was 112.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.733%.Applying this 32.733% change to the original purchase price of £168,000 results in an estimated price of approximately £222,991.
11 Nov 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
112.8 | 149.7 | 32.733 % | £168,000 | £54,991 | £222,991 |
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 | -12.205 % | £-20,503 | £147,496 |
3 Month Average | 3.160 % | £5,308 | £173,308 |
6 Month Average | 4.669 % | £7,844 | £175,844 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Mar 2024 | £208,199 | £205,000 | 39 ROWAN CLOSE |
22 Mar 2024 | £233,589 | £230,000 | 2 THORNTREE DRIVE |
24 Feb 2023 | £130,874 | £130,000 | 2 ROWAN CLOSE |
12 Jan 2023 | £203,544 | £203,000 | 26 CHICHESTER GROVE |
26 Aug 2022 | £195,916 | £195,000 | 2 CHICHESTER GROVE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 12 Oct 2016. Using an estimated price of £222,991 means this house is valued at £2,477 per sq meter (£230 per sq foot).
The average size of a house on THORNTREE DRIVE is 108 sq meters (1,168 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Under investigation | On or near Choppington Road |
Jun 2024 | Anti-social behaviour | On or near Chichester Grove | |
Jun 2024 | Anti-social behaviour | On or near Chichester Grove | |
May 2024 | Criminal damage and arson | Under investigation | On or near Bonchester Close |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Bonchester Close |