£125,738
This estimated value is based upon the latest sale price for the house of £110,000 on 2 Dec 2020. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£110,000 | 2 Dec 2020 |
Semi-Detached |
Freehold |
Floor Area: 112 sq meters or 1,205 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 December 2020 the House Price Index for NORTHUMBERLAND was 129.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 14.308%.Applying this 14.308% change to the original purchase price of £110,000 results in an estimated price of approximately £125,738.
2 Dec 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
129.5 | 148.0 | 14.308 % | £110,000 | £15,738 | £125,738 |
The Postcode Pricing Model uses changes in average sales price within the NE22 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 | 0.356 % | £391 | £110,391 |
3 Month Average | -16.924 % | £-18,616 | £91,383 |
6 Month Average | 12.201 % | £13,421 | £123,421 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Mar 2024 | £38,631 | £38,500 | 33A JUBILEE TERRACE |
21 Aug 2023 | £286,744 | £285,000 | 4 MANSION COURT |
28 Jul 2023 | £78,745 | £78,000 | 16 GLASSEY TERRACE |
5 Jun 2023 | £122,257 | £121,266 | 28 MELROSE AVENUE |
10 Mar 2023 | £51,629 | £51,350 | 15 JUBILEE TERRACE |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 11 Jun 2018. Using an estimated price of £125,739 means this house is valued at £1,122 per sq meter (£104 per sq foot).
The average size of a house on MELROSE AVENUE is 88 sq meters (949 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Knox Close |
Apr 2024 | Criminal damage and arson | Under investigation | On or near Knox Close |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Knox Close |
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Knox Close |
Apr 2024 | Burglary | Under investigation | On or near Mansion Court |