£406,829
This estimated value is based upon the latest sale price for the house of £320,000 on 30 Oct 2017. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £320,000 | 30 Oct 2017 |
| Terraced |
| Freehold |
| Floor Area: 192 sq meters or 2,066 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 October 2017 the House Price Index for NORTHUMBERLAND was 117.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.134%.Applying this 27.134% change to the original purchase price of £320,000 results in an estimated price of approximately £406,829.
| 30 Oct 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 149.7 | 27.134 % | £320,000 | £86,829 | £406,829 |
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 | -16.749 % | £-53,596 | £266,403 |
| 3 Month Average | 54.487 % | £174,357 | £494,357 |
| 6 Month Average | 19.409 % | £62,108 | £382,108 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £655,694 | £650,000 | 3 PARK FARM BARNS SOUTH NEWSHAM ROAD |
| 17 Nov 2023 | £121,586 | £118,500 | 34 RAYBURN COURT |
| 8 Nov 2023 | £123,125 | £120,000 | 4 COTTINGWOOD GREEN |
| 2 Aug 2023 | £88,598 | £87,000 | 5 COTTINGWOOD GREEN |
| 8 Jun 2023 | £336,748 | £330,000 | 22 PARK FARM VILLAS |
This house has a floor area of 192 sq meters or 2,066 sq feet when measured on 3 Oct 2017. Using an estimated price of £406,830 means this house is valued at £2,118 per sq meter (£196 per sq foot).
There is one other house on the street which we know the size of, this is 4 PARK FARM BARNS SOUTH NEWSHAM ROAD it is 135.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cargo Close |
| Jun 2024 | Anti-social behaviour | On or near Locomotive Street | |
| Jun 2024 | Anti-social behaviour | On or near Locomotive Street | |
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Park Farm Villas |
| Jul 2024 | Anti-social behaviour | On or near Junction Close |