£148,974
This estimated value is based upon the latest sale price for the house of £32,000 on 1 Sep 1998. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £32,000 | 1 Sep 1998 |
| Detached |
| Freehold |
| Floor Area: 140 sq meters or 1,511 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 September 1998 the House Price Index for NORTHUMBERLAND was 31.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 365.544%.Applying this 365.544% change to the original purchase price of £32,000 results in an estimated price of approximately £148,974.
| 1 Sep 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.9 | 148.6 | 365.544 % | £32,000 | £116,974 | £148,974 |
The Postcode Pricing Model uses changes in average sales price within the NE49 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 | 35.231 % | £11,273 | £43,273 |
| 3 Month Average | 194.737 % | £62,315 | £94,315 |
| 6 Month Average | 177.871 % | £56,918 | £88,918 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £295,000 | £295,000 | GREENWELL COTTAGE THE BURN |
| 24 Aug 2023 | £161,412 | £160,000 | 19 NEWHOLME AVENUE |
| 25 Oct 2022 | £91,515 | £92,500 | 40 NEWHOLME AVENUE |
| 21 Jul 2022 | £381,026 | £380,000 | MILECASTLE INN NORTH ROAD |
| 1 Oct 2021 | £138,310 | £125,000 | 70 NEWHOLME AVENUE |