£154,500
This estimated value is based upon the latest sale price for the house of £45,950 on 3 Jul 2001. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£45,950 | 3 Jul 2001 |
£31,000 | 13 Aug 1999 |
Semi-Detached |
Freehold |
Floor Area: 62 sq meters or 672 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 Mar 2024 is 148.6 which is a change of 236.237%.Applying this 236.237% change to the original purchase price of £45,950 results in an estimated price of approximately £154,500.
3 Jul 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
44.2 | 148.6 | 236.237 % | £45,950 | £108,550 | £154,500 |
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 | 114.086 % | £52,422 | £98,372 |
3 Month Average | 111.808 % | £51,375 | £97,325 |
6 Month Average | 162.965 % | £74,882 | £120,832 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Nov 2023 | £203,005 | £200,000 | 29 BONCHESTER CLOSE |
2 Nov 2023 | £137,029 | £135,000 | 17 WINCHESTER WAY |
25 Aug 2023 | £161,412 | £160,000 | 24 BONCHESTER CLOSE |
18 Aug 2023 | £186,633 | £185,000 | 31 BONCHESTER CLOSE |
14 Jul 2023 | £192,592 | £190,000 | 9 WINCHESTER WAY |
This house has a floor area of 62 sq meters or 672 sq feet when measured on 24 Jun 2009. Using an estimated price of £154,501 means this house is valued at £2,472 per sq meter (£229 per sq foot).
The average size of a house on LANCHESTER GREEN is 68 sq meters (737 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Under investigation | On or near Chichester Grove |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Bonchester Close |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Bonchester Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Bonchester Close |
Feb 2024 | Public order | Under investigation | On or near Octavia Close |