£245,346
This estimated value is based upon the latest sale price for the house of £185,000 on 29 Jul 2016. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£185,000 | 29 Jul 2016 |
£60,000 | 25 Aug 2000 |
Terraced |
Freehold |
Floor Area: 109 sq meters or 1,173 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 July 2016 the House Price Index for NORTHUMBERLAND was 111.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 32.620%.Applying this 32.620% change to the original purchase price of £185,000 results in an estimated price of approximately £245,346.
29 Jul 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.6 | 148.0 | 32.620 % | £185,000 | £60,346 | £245,346 |
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 | -49.485 % | £-91,547 | £93,452 |
3 Month Average | -22.066 % | £-40,822 | £144,177 |
6 Month Average | -1.970 % | £-3,644 | £181,355 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
23 Jun 2023 | £90,736 | £90,000 | 2 GRANGE TERRACE |
21 Mar 2023 | £180,978 | £180,000 | 48 HIGHFIELD |
19 Aug 2022 | £139,060 | £140,000 | 4 GRANGE TERRACE |
8 Jul 2022 | £84,885 | £85,000 | 7 FAIR VIEW |
1 Jun 2022 | £101,024 | £100,000 | 5 FAIR VIEW |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 26 Apr 2016. Using an estimated price of £245,347 means this house is valued at £2,250 per sq meter (£209 per sq foot).
The average size of a house on HIGHFIELD is 87 sq meters (945 sq feet).
This house is the largest in the street with a floor area of 109 sq meters (1,173 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Highfield |
Mar 2024 | Public order | Under investigation | On or near St Mathews Lane |
Jan 2024 | Public order | Investigation complete; no suspect identified | On or near St Mathews Lane |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near St Mathews Lane |
Apr 2024 | Anti-social behaviour | On or near Oakfield Park |