£358,828
This estimated value is based upon the latest sale price for the house of £292,500 on 6 Dec 2019. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £292,500 | 6 Dec 2019 |
| £172,500 | 20 Oct 2016 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 968 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 December 2019 the House Price Index for NORTHUMBERLAND was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.676%.Applying this 22.676% change to the original purchase price of £292,500 results in an estimated price of approximately £358,828.
| 6 Dec 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.676 % | £292,500 | £66,328 | £358,828 |
The Postcode Pricing Model uses changes in average sales price within the NE41 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 | 276.068 % | £807,499 | £1,099,999 |
| 3 Month Average | 13.646 % | £39,913 | £332,413 |
| 6 Month Average | 14.482 % | £42,359 | £334,859 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £243,607 | £240,000 | 1 HACKWORTH GARDENS |
| 29 Aug 2023 | £226,986 | £225,000 | 8 HEDLEY ROAD |
| 7 Jun 2023 | £399,843 | £395,000 | 16 THE DENE |
| 28 Apr 2023 | £328,537 | £325,000 | 15 WOODCROFT ROAD |
| 28 Feb 2023 | £649,563 | £650,000 | 23 WOODCROFT ROAD |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 26 Jul 2016. Using an estimated price of £358,829 means this house is valued at £3,986 per sq meter (£370 per sq foot).
The average size of a house on INGHAM TERRACE is 114 sq meters (1,237 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Under investigation | On or near Hedley Road |