£40,872
This estimated value is based upon the latest sale price for the house of £39,999 on 1 Jun 2022. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
There have been two burglaries within the last year on or near First Avenue
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| Price Paid | Date |
|---|---|
| £39,999 | 1 Jun 2022 |
| Terraced |
| 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 June 2022 the House Price Index for NORTHUMBERLAND was 146.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.184%.Applying this 2.184% change to the original purchase price of £39,999 results in an estimated price of approximately £40,872.
| 1 Jun 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 149.7 | 2.184 % | £39,999 | £873 | £40,872 |
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 | 59.125 % | £23,649 | £63,648 |
| 3 Month Average | 32.439 % | £12,975 | £52,974 |
| 6 Month Average | 22.632 % | £9,052 | £49,051 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Jul 2024 | £64,000 | £64,000 | 12 KATHERINE STREET |
| 10 Nov 2023 | £58,998 | £57,500 | 11 PORTIA STREET |
| 23 Oct 2023 | £61,394 | £60,000 | 79 KATHERINE STREET |
| 8 Sep 2023 | £56,751 | £55,500 | 53 KATHERINE STREET |
| 17 Jan 2023 | £50,134 | £50,000 | 73 KATHERINE STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Violence and sexual offences | Under investigation | On or near First Avenue |
| Nov 2024 | Burglary | Under investigation | On or near First Avenue |
| Nov 2024 | Criminal damage and arson | Under investigation | On or near First Avenue |
| Nov 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near First Avenue |
| Nov 2024 | Burglary | Investigation complete; no suspect identified | On or near First Avenue |