£82,557
This estimated value is based upon the latest sale price for the house of £62,000 on 8 Jul 2016. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £62,000 | 8 Jul 2016 |
| £89,950 | 18 Feb 2005 |
| £18,000 | 20 Sep 2001 |
| Terraced |
| Leasehold |
| 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 July 2016 the House Price Index for NORTHUMBERLAND was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.158%.Applying this 33.158% change to the original purchase price of £62,000 results in an estimated price of approximately £82,557.
| 8 Jul 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.158 % | £62,000 | £20,557 | £82,557 |
The Postcode Pricing Model uses changes in average sales price within the NE24 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 | 167.249 % | £103,694 | £165,694 |
| 3 Month Average | 23.878 % | £14,804 | £76,804 |
| 6 Month Average | 15.026 % | £9,316 | £71,316 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £249,363 | £245,000 | 18 RIDLEY AVENUE |
| 7 Jun 2023 | £151,839 | £150,000 | RIDLEY HOUSE RIDLEY AVENUE |
| 24 Feb 2023 | £296,800 | £297,000 | HOLMVILLE RIDLEY AVENUE |
| 14 Jul 2022 | £300,810 | £300,000 | 15 RIDLEY AVENUE |
| 31 Mar 2022 | £160,621 | £155,000 | 99 BRIDGE STREET |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 17 Feb 2016. Using an estimated price of £82,558 means this house is valued at £859 per sq meter (£79 per sq foot).
The average size of a house on WELLINGTON STREET is 90 sq meters (970 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wellington Street East |
| Apr 2024 | Anti-social behaviour | On or near Wellington Street East | |
| Apr 2024 | Anti-social behaviour | On or near Wellington Street East | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Wellington Street East |
| Mar 2024 | Theft from the person | Under investigation | On or near Wellington Street East |