£351,953
This estimated value is based upon the latest sale price for the house of £217,500 on 20 Apr 2007. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £217,500 | 20 Apr 2007 |
| £85,000 | 5 Nov 1997 |
| Detached |
| Freehold |
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 April 2007 the House Price Index for NORTHUMBERLAND was 92.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 61.818%.Applying this 61.818% change to the original purchase price of £217,500 results in an estimated price of approximately £351,953.
| 20 Apr 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.5 | 149.7 | 61.818 % | £217,500 | £134,453 | £351,953 |
The Postcode Pricing Model uses changes in average sales price within the NE66 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 | 40.610 % | £88,326 | £305,826 |
| 3 Month Average | 50.585 % | £110,022 | £327,522 |
| 6 Month Average | 49.184 % | £106,976 | £324,476 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jul 2024 | £227,000 | £227,000 | 5 LACEY STREET |
| 5 Mar 2024 | £182,809 | £180,000 | 11 LACEY STREET |
| 27 Oct 2023 | £685,571 | £670,000 | 10 SPRINGFIELD |
| 6 Mar 2023 | £210,516 | £207,000 | 29 LACEY STREET |
| 19 Oct 2022 | £149,501 | £150,000 | 26 NORTH END |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Lacey Street |
| Aug 2024 | Anti-social behaviour | On or near Lacey Street | |
| Aug 2024 | Anti-social behaviour | On or near Lacey Street | |
| Aug 2024 | Anti-social behaviour | On or near Lacey Street | |
| Oct 2024 | Anti-social behaviour | On or near North End |