£295,811
This estimated value is based upon the latest sale price for the house of £240,000 on 26 Feb 2020. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £240,000 | 26 Feb 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 2020 the House Price Index for NORTHUMBERLAND was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £240,000 results in an estimated price of approximately £295,811.
| 26 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £240,000 | £55,811 | £295,811 |
The Postcode Pricing Model uses changes in average sales price within the NE61 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 | 59.870 % | £143,688 | £383,688 |
| 3 Month Average | 24.669 % | £59,206 | £299,206 |
| 6 Month Average | 26.071 % | £62,570 | £302,570 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £164,528 | £162,000 | 122 NEWGATE STREET |
| 3 Nov 2023 | £374,506 | £365,000 | 3 SOUTH TERRACE |
| 20 Sep 2023 | £358,912 | £351,000 | 18 COTTINGWOOD GARDENS |
| 24 Aug 2023 | £234,224 | £230,000 | FLAT 13 42A BULLERS GREEN |
| 8 Aug 2023 | £295,327 | £290,000 | 2 SCHOOL CLOSE |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 6 Feb 2019. Using an estimated price of £295,811 means this house is valued at £3,049 per sq meter (£283 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Cottingwood Lane | |
| Aug 2024 | Anti-social behaviour | On or near Cottingwood Lane | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Dawson Place |
| Aug 2024 | Anti-social behaviour | On or near Dawson Place | |
| Aug 2024 | Public order | Under investigation | On or near Dawson Place |