£268,177
This estimated value is based upon the latest sale price for the house of £249,950 on 24 Jun 2021. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£249,950 | 24 Jun 2021 |
£244,995 | 22 Dec 2015 |
Semi-Detached |
Freehold |
Floor Area: 119 sq meters or 1,280 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 June 2021 the House Price Index for NORTHUMBERLAND was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £249,950 results in an estimated price of approximately £268,177.
24 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.5 | 148.6 | 7.292 % | £249,950 | £18,227 | £268,177 |
The Postcode Pricing Model uses changes in average sales price within the NE23 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 | -44.130 % | £-110,303 | £139,646 |
3 Month Average | -10.573 % | £-26,426 | £223,523 |
6 Month Average | 5.117 % | £12,788 | £262,738 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Jun 2023 | £115,398 | £114,000 | 120 ARCOT AVENUE |
26 Aug 2022 | £197,967 | £198,500 | 6 TAVERN CLOSE |
18 Jul 2022 | £285,769 | £285,000 | 23 STROTHER WAY |
13 Jun 2022 | £344,874 | £340,000 | 4 STROTHER WAY |
30 May 2022 | £188,553 | £185,000 | 5 TAVERN CLOSE |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 17 Dec 2015. Using an estimated price of £268,177 means this house is valued at £2,253 per sq meter (£209 per sq foot).
The average size of a house on TAVERN CLOSE is 122 sq meters (1,321 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Strother Way |
Mar 2024 | Other crime | Under investigation | On or near Tavern Close |
Jan 2024 | Criminal damage and arson | On or near Cramlington (Station) | |
Jan 2024 | Criminal damage and arson | On or near Cramlington (Station) | |
Jan 2024 | Criminal damage and arson | On or near Cramlington (Station) |