£114,524
This estimated value is based upon the latest sale price for the house of £112,000 on 5 Sep 2023. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £112,000 | 5 Sep 2023 |
| £114,000 | 30 Jan 2015 |
| £102,500 | 27 Sep 2007 |
| £89,500 | 3 Jun 2004 |
| £79,950 | 13 Jun 2003 |
| £57,500 | 1 Jul 2002 |
| £37,500 | 28 Oct 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 September 2023 the House Price Index for NORTHUMBERLAND was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £112,000 results in an estimated price of approximately £114,524.
| 5 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £112,000 | £2,524 | £114,524 |
The Postcode Pricing Model uses changes in average sales price within the NE46 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 | 27.266 % | £30,537 | £142,537 |
| 3 Month Average | -2.451 % | £-2,745 | £109,254 |
| 6 Month Average | 12.805 % | £14,341 | £126,341 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £264,000 | £264,000 | 3 WESTBOURNE GROVE |
| 2 Nov 2023 | £161,089 | £157,000 | 4 PEARSONS TERRACE |
| 12 Oct 2023 | £134,351 | £131,300 | 16 RYE TERRACE |
| 5 Sep 2023 | £114,525 | £112,000 | 11 RYE TERRACE |
| 30 Jun 2023 | £295,930 | £290,000 | 7 CRESCENT AVENUE |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 13 Oct 2014. Using an estimated price of £114,525 means this house is valued at £2,202 per sq meter (£204 per sq foot).
The average size of a house on RYE TERRACE is 68 sq meters (741 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Rye Terrace |
| May 2024 | Burglary | Investigation complete; no suspect identified | On or near Shaftoe Crescent |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fenwick Grove |
| May 2024 | Burglary | Investigation complete; no suspect identified | On or near Leazes Crescent |
| May 2024 | Burglary | Awaiting court outcome | On or near Leazes Terrace |