£529,320
This estimated value is based upon the latest sale price for the house of £505,000 on 12 Jan 2022. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £505,000 | 12 Jan 2022 |
| £375,000 | 20 Mar 2018 |
| Detached |
| Freehold |
| Floor Area: 131 sq meters or 1,410 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 January 2022 the House Price Index for NORTHUMBERLAND was 141.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 4.816%.Applying this 4.816% change to the original purchase price of £505,000 results in an estimated price of approximately £529,320.
| 12 Jan 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 148.0 | 4.816 % | £505,000 | £24,320 | £529,320 |
The Postcode Pricing Model uses changes in average sales price within the NE41 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 | 117.822 % | £595,000 | £1,100,000 |
| 3 Month Average | 15.438 % | £77,960 | £582,960 |
| 6 Month Average | -6.200 % | £-31,312 | £473,687 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2023 | £583,152 | £580,000 | 3 DENECROFT |
| 28 Feb 2023 | £298,588 | £300,000 | 23 ALGERNON TERRACE |
| 1 Feb 2023 | £298,588 | £300,000 | 1 DENE TERRACE EAST |
| 7 Jul 2022 | £810,904 | £812,000 | STONE CUTTERS CHURCH ROAD |
| 14 Jun 2022 | £530,375 | £525,000 | 7 THE ORCHARD |
This house has a floor area of 131 sq meters or 1,410 sq feet when measured on 23 Mar 2018. Using an estimated price of £529,320 means this house is valued at £4,040 per sq meter (£375 per sq foot).
The average size of a house on THOMAS CLOSE is 154 sq meters (1,665 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Thomas Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Denecroft |
| Apr 2024 | Shoplifting | Under investigation | On or near Main Road |
| Apr 2024 | Shoplifting | Under investigation | On or near Main Road |
| Mar 2024 | Anti-social behaviour | On or near Main Road |