£670,709
This estimated value is based upon the latest sale price for the house of £499,995 on 1 Jul 2016. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£499,995 | 1 Jul 2016 |
Detached |
Freehold |
Floor Area: 206 sq meters or 2,217 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 May 2024 is 149.7 which is a change of 34.143%.Applying this 34.143% change to the original purchase price of £499,995 results in an estimated price of approximately £670,709.
1 Jul 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.6 | 149.7 | 34.143 % | £499,995 | £170,714 | £670,709 |
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 | -1.890 % | £-9,447 | £490,547 |
3 Month Average | 17.522 % | £87,609 | £587,604 |
6 Month Average | 29.900 % | £149,498 | £649,493 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
2 May 2024 | £280,000 | £280,000 | 51 GERANIUM DRIVE |
20 Nov 2023 | £160,746 | £156,666 | 22 GERANIUM DRIVE |
14 Sep 2021 | £436,942 | £402,500 | 1 JUNIPER COURT |
21 Jun 2021 | £426,942 | £395,000 | 3 ORCHID CRESCENT |
30 Nov 2020 | £379,579 | £325,000 | 47 GERANIUM DRIVE |
This house has a floor area of 206 sq meters or 2,217 sq feet when measured on 15 Jun 2016. Using an estimated price of £670,710 means this house is valued at £3,255 per sq meter (£302 per sq foot).
The average size of a house on ASPEN WAY is 143 sq meters (1,541 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Public order | Under investigation | On or near Geranium Drive |
Jul 2024 | Public order | Investigation complete; no suspect identified | On or near Geranium Drive |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Geranium Drive |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Geranium Drive |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Geranium Drive |