£122,282
This estimated value is based upon the latest sale price for the house of £63,000 on 16 Aug 2004. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £63,000 | 16 Aug 2004 |
| Terraced |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 2004 the House Price Index for NORTHUMBERLAND was 77.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 94.099%.Applying this 94.099% change to the original purchase price of £63,000 results in an estimated price of approximately £122,282.
| 16 Aug 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.1 | 149.7 | 94.099 % | £63,000 | £59,282 | £122,282 |
The Postcode Pricing Model uses changes in average sales price within the NE63 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 | 45.856 % | £28,889 | £91,889 |
| 3 Month Average | 40.096 % | £25,260 | £88,260 |
| 6 Month Average | 38.370 % | £24,173 | £87,173 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £60,000 | £60,000 | 9 BEATRICE STREET |
| 10 Nov 2023 | £35,912 | £35,000 | 15 ROSALIND STREET |
| 10 Feb 2023 | £55,370 | £55,000 | 10 HAWTHORN ROAD |
| 9 Aug 2022 | £18,085 | £18,000 | 19 CASTLE TERRACE |
| 8 Jul 2022 | £56,567 | £56,000 | 3 CASTLE TERRACE |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 19 Apr 2019. Using an estimated price of £122,283 means this house is valued at £1,273 per sq meter (£118 per sq foot).
The average size of a house on ROSALIND STREET is 84 sq meters (912 sq feet).