£287,031
This estimated value is based upon the latest sale price for the house of £212,500 on 18 Mar 2016. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £212,500 | 18 Mar 2016 |
| £115,000 | 3 Dec 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 102 sq meters or 1,097 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 March 2016 the House Price Index for NORTHUMBERLAND was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £212,500 results in an estimated price of approximately £287,031.
| 18 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.6 | 35.074 % | £212,500 | £74,531 | £287,031 |
The Postcode Pricing Model uses changes in average sales price within the NE61 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 | 16.778 % | £35,652 | £248,152 |
| 3 Month Average | 41.682 % | £88,575 | £301,075 |
| 6 Month Average | 22.853 % | £48,562 | £261,062 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Jun 2023 | £376,561 | £372,000 | UNIT 2 ROYAL SOVEREIGN HOUSE MANCHESTER STREET |
| 2 Jun 2023 | £172,084 | £170,000 | 2 WELLWAY COURT |
| 22 Feb 2023 | £114,923 | £115,000 | 11 WELLWAY COURT |
| 28 Nov 2022 | £884,289 | £895,000 | 3 KINGS AVENUE |
| 18 Nov 2022 | £123,504 | £125,000 | 14 WELLWAY COURT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Copper Chare |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Copper Chare |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Copper Chare |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Manchester Street |