£47,562
This estimated value is based upon the latest sale price for the house of £38,500 on 3 Oct 2019. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £38,500 | 3 Oct 2019 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 October 2019 the House Price Index for NORTHUMBERLAND was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.540%.Applying this 23.540% change to the original purchase price of £38,500 results in an estimated price of approximately £47,562.
| 3 Oct 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.540 % | £38,500 | £9,062 | £47,562 |
The Postcode Pricing Model uses changes in average sales price within the NE63 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 | 30.502 % | £11,743 | £50,243 |
| 3 Month Average | 23.547 % | £9,065 | £47,565 |
| 6 Month Average | 9.672 % | £3,723 | £42,223 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £58,508 | £58,000 | 178 CHESTNUT STREET |
| 1 Dec 2023 | £48,490 | £47,000 | 227 MAPLE STREET |
| 27 Sep 2023 | £50,616 | £49,500 | 197 CHESTNUT STREET |
| 8 Feb 2023 | £80,538 | £80,000 | 241 MAPLE STREET |
| 13 May 2022 | £60,578 | £59,000 | 227 CHESTNUT STREET |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 5 Jul 2019. Using an estimated price of £47,563 means this house is valued at £634 per sq meter (£58 per sq foot).
The average size of a house on CHESTNUT STREET is 76 sq meters (823 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Fourth Avenue |
| Nov 2024 | Public order | Under investigation | On or near Fourth Avenue |
| Nov 2024 | Other crime | Under investigation | On or near Fourth Avenue |
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Fourth Avenue |
| Oct 2024 | Anti-social behaviour | On or near Fourth Avenue |