£142,764
This estimated value is based upon the latest sale price for the house of £115,000 on 18 Oct 2018. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £115,000 | 18 Oct 2018 |
| £50,000 | 9 Jun 2009 |
| Semi-Detached |
| Freehold |
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 October 2018 the House Price Index for NORTHUMBERLAND was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.143%.Applying this 24.143% change to the original purchase price of £115,000 results in an estimated price of approximately £142,764.
| 18 Oct 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.143 % | £115,000 | £27,764 | £142,764 |
The Postcode Pricing Model uses changes in average sales price within the NE20 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 | 98.222 % | £112,955 | £227,955 |
| 3 Month Average | 7.107 % | £8,173 | £123,173 |
| 6 Month Average | 8.998 % | £10,347 | £125,347 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Sep 2023 | £910,062 | £890,000 | 7 RICHMOND WAY |
| 12 Sep 2023 | £669,764 | £655,000 | 2 GRENVILLE COURT |
| 8 Feb 2023 | £906,052 | £900,000 | 6 RICHMOND WAY |
| 22 Jul 2022 | £661,630 | £655,000 | WOODHILL |
| 1 Jun 2022 | £602,887 | £590,000 | THE HIGHLANDER |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Richmond Way | |
| May 2024 | Anti-social behaviour | On or near Richmond Way | |
| May 2024 | Anti-social behaviour | On or near Richmond Way | |
| May 2024 | Anti-social behaviour | On or near Richmond Way | |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Grenville Court |