£276,813
This estimated value is based upon the latest sale price for the house of £225,000 on 22 Feb 2019. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £225,000 | 22 Feb 2019 |
| £168,000 | 20 Jul 2012 |
| £86,995 | 23 Feb 2000 |
| Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 February 2019 the House Price Index for NORTHUMBERLAND was 120.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.028%.Applying this 23.028% change to the original purchase price of £225,000 results in an estimated price of approximately £276,813.
| 22 Feb 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.0 | 23.028 % | £225,000 | £51,813 | £276,813 |
The Postcode Pricing Model uses changes in average sales price within the NE42 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 | -43.833 % | £-98,624 | £126,375 |
| 3 Month Average | -16.914 % | £-38,056 | £186,943 |
| 6 Month Average | -1.950 % | £-4,386 | £220,613 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £226,839 | £225,000 | 8 GREENWELL DRIVE |
| 30 Mar 2023 | £351,902 | £350,000 | 7 HEATHER LEA LANE |
| 8 Mar 2023 | £326,766 | £325,000 | 11 GREENWELL DRIVE |
| 21 Oct 2022 | £219,734 | £223,000 | 23 PERCY LONNEN |
| 13 Sep 2022 | £256,876 | £260,000 | 1 HEATHER LEA LANE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 29 Sep 2013. Using an estimated price of £276,813 means this house is valued at £3,256 per sq meter (£302 per sq foot).
The average size of a house on GREENWELL DRIVE is 145 sq meters (1,566 sq feet).
This house is the smallest in the street with a floor area of 85 sq meters (914 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Carnaby Close |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Farmwell Place |
| Feb 2024 | Anti-social behaviour | On or near The Waggonway | |
| Feb 2024 | Anti-social behaviour | On or near The Waggonway | |
| Feb 2024 | Anti-social behaviour | On or near The Waggonway |