£99,924
This estimated value is based upon the latest sale price for the house of £29,500 on 5 Jul 2001. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£29,500 | 5 Jul 2001 |
Semi-Detached |
Freehold |
Floor Area: 79 sq meters or 850 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 July 2001 the House Price Index for NORTHUMBERLAND was 44.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 238.726%.Applying this 238.726% change to the original purchase price of £29,500 results in an estimated price of approximately £99,924.
5 Jul 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
44.2 | 149.7 | 238.726 % | £29,500 | £70,424 | £99,924 |
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 | 85.296 % | £25,162 | £54,662 |
3 Month Average | 143.548 % | £42,346 | £71,846 |
6 Month Average | 143.004 % | £42,186 | £71,686 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Apr 2024 | £51,951 | £51,500 | 12 RED HOUSE FARM ESTATE |
27 Oct 2023 | £120,231 | £117,500 | 92 WESTLEA |
27 Jan 2023 | £105,281 | £105,000 | 19 MEADOWDALE CRESCENT |
12 Jan 2023 | £125,335 | £125,000 | 30 WESTLEA |
11 Nov 2022 | £38,818 | £39,000 | 60 RED HOUSE FARM ESTATE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 5 Dec 2014. Using an estimated price of £99,924 means this house is valued at £1,264 per sq meter (£117 per sq foot).
The average size of a house on WESTLEA is 83 sq meters (894 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Red House Farm | |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Red House Farm |
Jun 2024 | Other crime | Under investigation | On or near Red House Farm |
Jun 2024 | Drugs | Under investigation | On or near Red House Farm |
May 2024 | Anti-social behaviour | On or near Red House Farm |