£520,766
This estimated value is based upon the latest sale price for the house of £482,500 on 14 Dec 2021. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£482,500 | 14 Dec 2021 |
£110,000 | 13 Feb 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 104 sq meters or 1,119 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 2021 the House Price Index for NORTHUMBERLAND was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £482,500 results in an estimated price of approximately £520,766.
14 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.7 | 149.7 | 7.931 % | £482,500 | £38,266 | £520,766 |
The Postcode Pricing Model uses changes in average sales price within the NE45 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 | 125.489 % | £605,484 | £1,087,984 |
3 Month Average | 122.588 % | £591,487 | £1,073,987 |
6 Month Average | 24.132 % | £116,434 | £598,934 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £255,124 | £249,500 | 4 ST ANDREWS TERRACE |
31 Mar 2023 | £214,584 | £211,000 | 30 FRONT STREET |
27 Mar 2023 | £464,355 | £456,600 | BARCLAYS BANK PLC MARKET PLACE |
18 Nov 2022 | £129,395 | £130,000 | 1A JUBILEE BUILDINGS MIDDLE STREET |
25 May 2022 | £379,897 | £370,000 | 17 WATLING STREET |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 21 Jan 2020. Using an estimated price of £520,766 means this house is valued at £5,007 per sq meter (£465 per sq foot).
The average size of a house on MARKET PLACE is 216 sq meters (2,328 sq feet).
This house is the smallest in the street with a floor area of 104 sq meters (1,119 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Oct 2024 | Other theft | Under investigation | On or near Market Place |
Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Market Place |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hill Street |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hill Street |
Aug 2024 | Anti-social behaviour | On or near Watling Street |