£121,810
This estimated value is based upon the latest sale price for the house of £102,000 on 21 Aug 2020. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £102,000 | 21 Aug 2020 |
| £39,950 | 5 Nov 1999 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 699 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 August 2020 the House Price Index for NORTHUMBERLAND was 123.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 19.422%.Applying this 19.422% change to the original purchase price of £102,000 results in an estimated price of approximately £121,810.
| 21 Aug 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.0 | 19.422 % | £102,000 | £19,810 | £121,810 |
The Postcode Pricing Model uses changes in average sales price within the NE42 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 | -21.587 % | £-22,018 | £79,981 |
| 3 Month Average | -37.301 % | £-38,046 | £63,953 |
| 6 Month Average | -12.635 % | £-12,887 | £89,112 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Aug 2023 | £92,563 | £92,000 | 2 LOCOMOTIVE COURT |
| 4 Jul 2023 | £302,865 | £300,000 | 33 WEST ROAD |
| 6 Feb 2023 | £502,623 | £505,000 | 1 FRONT STREET |
| 8 Jul 2022 | £84,885 | £85,000 | 7 FAIR VIEW |
| 24 Jun 2022 | £75,768 | £75,000 | 4 LOCOMOTIVE COURT |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 30 Jun 2020. Using an estimated price of £121,811 means this house is valued at £1,874 per sq meter (£174 per sq foot).
The average size of a house on FAIR VIEW is 84 sq meters (911 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Locomotive Court | |
| Mar 2024 | Anti-social behaviour | On or near Locomotive Court | |
| Mar 2024 | Anti-social behaviour | On or near Locomotive Court | |
| Mar 2024 | Anti-social behaviour | On or near Locomotive Court | |
| Mar 2024 | Public order | Under investigation | On or near St Mathews Lane |