£545,940
This estimated value is based upon the latest sale price for the house of £535,000 on 9 Jun 2023. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £535,000 | 9 Jun 2023 |
| £250,000 | 26 Mar 2004 |
| Detached |
| Freehold |
| Floor Area: 127 sq meters or 1,367 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 June 2023 the House Price Index for NORTHUMBERLAND was 146.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.045%.Applying this 2.045% change to the original purchase price of £535,000 results in an estimated price of approximately £545,940.
| 9 Jun 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 149.7 | 2.045 % | £535,000 | £10,940 | £545,940 |
The Postcode Pricing Model uses changes in average sales price within the NE68 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 | -55.628 % | £-297,608 | £237,391 |
| 3 Month Average | -12.467 % | £-66,698 | £468,301 |
| 6 Month Average | -17.607 % | £-94,198 | £440,801 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £282,453 | £280,000 | 15 SOUTH LANE |
| 10 Nov 2023 | £395,027 | £385,000 | 144 MAIN STREET |
| 31 Oct 2023 | £252,740 | £247,000 | 176 MAIN STREET |
| 9 Jun 2023 | £545,941 | £535,000 | 17 NORTH LANE |
| 3 Apr 2023 | £274,127 | £269,000 | 1 OSBORNE TERRACE |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 18 Nov 2020. Using an estimated price of £545,941 means this house is valued at £4,298 per sq meter (£399 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Osborne Terrace |
| Sep 2024 | Public order | Under investigation | On or near Osborne Gardens |
| Jul 2024 | Anti-social behaviour | On or near Osborne Gardens | |
| Jul 2024 | Anti-social behaviour | On or near Osborne Gardens | |
| Jul 2024 | Anti-social behaviour | On or near Osborne Gardens |