£254,591
This estimated value is based upon the latest sale price for the house of £250,000 on 18 Aug 2023. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £250,000 | 18 Aug 2023 |
| £275,000 | 6 Mar 2008 |
| £195,000 | 22 Oct 2003 |
| £107,000 | 15 Jun 1998 |
| £104,000 | 4 Apr 1996 |
| Terraced |
| 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 August 2023 the House Price Index for NORTHUMBERLAND was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £250,000 results in an estimated price of approximately £254,591.
| 18 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £250,000 | £4,591 | £254,591 |
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 | 1.420 % | £3,550 | £253,550 |
| 3 Month Average | -1.716 % | £-4,289 | £245,710 |
| 6 Month Average | -2.528 % | £-6,318 | £243,681 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 May 2024 | £295,000 | £295,000 | CHERRY TREE COTTAGE |
| 3 May 2024 | £550,000 | £550,000 | FOUR WINDS |
| 2 Apr 2024 | £1,008,760 | £1,000,000 | OGLE CASTLE |
| 18 Aug 2023 | £254,592 | £250,000 | 1 BANK COTTAGES |
| 5 Aug 2022 | £514,193 | £511,789 | ROSE COTTAGE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Under investigation | On or near Manor Close |
| Oct 2024 | Public order | Under investigation | On or near Parking Area |