£147,126
This estimated value is based upon the latest sale price for the house of £117,000 on 18 Apr 2018. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £117,000 | 18 Apr 2018 |
| Terraced |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 April 2018 the House Price Index for NORTHUMBERLAND was 119.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.749%.Applying this 25.749% change to the original purchase price of £117,000 results in an estimated price of approximately £147,126.
| 18 Apr 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 149.7 | 25.749 % | £117,000 | £30,126 | £147,126 |
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 | -5.892 % | £-6,893 | £110,106 |
| 3 Month Average | 27.122 % | £31,732 | £148,732 |
| 6 Month Average | 26.153 % | £30,598 | £147,598 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Oct 2023 | £194,416 | £190,000 | 41 BEECH AVENUE |
| 29 Jul 2022 | £247,480 | £245,000 | 83 BEECH AVENUE |
| 1 Jul 2022 | £262,632 | £260,000 | 33 BEECH AVENUE |
| 11 Feb 2022 | £63,387 | £60,000 | 50 LANERCOST PARK |
| 7 Dec 2021 | £139,231 | £129,000 | 28 BEECH AVENUE |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 18 Dec 2017. Using an estimated price of £147,127 means this house is valued at £1,532 per sq meter (£142 per sq foot).
The average size of a house on LANERCOST PARK is 92 sq meters (992 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Rowan Grove | |
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Beech Avenue |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Beech Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Beech Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Beech Avenue |