£68,318
This estimated value is based upon the latest sale price for the house of £49,000 on 1 Dec 2015. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £49,000 | 1 Dec 2015 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 2015 the House Price Index for NORTHUMBERLAND was 107.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 39.426%.Applying this 39.426% change to the original purchase price of £49,000 results in an estimated price of approximately £68,318.
| 1 Dec 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 149.7 | 39.426 % | £49,000 | £19,318 | £68,318 |
The Postcode Pricing Model uses changes in average sales price within the NE24 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 | 77.711 % | £38,078 | £87,078 |
| 3 Month Average | 33.126 % | £16,231 | £65,231 |
| 6 Month Average | 28.187 % | £13,811 | £62,811 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £66,014 | £65,000 | 9 ROWLEY STREET |
| 10 Nov 2023 | £133,386 | £130,000 | 4 PRINCESS LOUISE ROAD |
| 6 Apr 2023 | £56,048 | £55,000 | 2 ALDBOROUGH STREET |
| 20 Jan 2023 | £50,134 | £50,000 | 12 PRINCESS LOUISE ROAD |
| 6 Apr 2022 | £114,116 | £110,000 | 1 RICHARD STREET |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 31 Mar 2015. Using an estimated price of £68,319 means this house is valued at £813 per sq meter (£75 per sq foot).
The average size of a house on RICHARD STREET is 81 sq meters (875 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Richard Street |
| Sep 2024 | Other theft | Under investigation | On or near Richard Street |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Richard Street |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Richard Street |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Rowley Street |