£626,473
This estimated value is based upon the latest sale price for the house of £575,000 on 9 Nov 2021. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £575,000 | 9 Nov 2021 |
| £425,000 | 16 Nov 2018 |
| £330,000 | 6 Jul 2012 |
| £180,000 | 30 Jun 1999 |
| £156,500 | 30 Mar 1998 |
| £156,500 | 4 Jul 1997 |
| Detached |
| Freehold |
| Floor Area: 211 sq meters or 2,275 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 November 2021 the House Price Index for NORTHUMBERLAND was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £575,000 results in an estimated price of approximately £626,473.
| 9 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £575,000 | £51,473 | £626,473 |
The Postcode Pricing Model uses changes in average sales price within the NE43 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 | 72.702 % | £418,037 | £993,037 |
| 3 Month Average | -2.939 % | £-16,896 | £558,103 |
| 6 Month Average | -3.623 % | £-20,832 | £554,167 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £342,525 | £332,000 | 293 NEW RIDLEY ROAD |
| 29 Sep 2023 | £424,355 | £415,000 | 233 NEW RIDLEY ROAD |
| 29 Aug 2023 | £352,355 | £346,000 | 231 NEW RIDLEY ROAD |
| 27 Mar 2023 | £325,435 | £320,000 | 25 TYNEDALE GARDENS |
| 23 Feb 2023 | £342,286 | £340,000 | 219 NEW RIDLEY ROAD |
This house has a floor area of 211 sq meters or 2,275 sq feet when measured on 9 May 2011. Using an estimated price of £626,474 means this house is valued at £2,963 per sq meter (£275 per sq foot).
The average size of a house on NEW RIDLEY ROAD is 122 sq meters (1,313 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near New Ridley Road |
| Jul 2024 | Burglary | Under investigation | On or near Stobarts Field |
| Jul 2024 | Anti-social behaviour | On or near Stobarts Field | |
| May 2024 | Violence and sexual offences | Under investigation | On or near Stobarts Field |
| Jul 2024 | Anti-social behaviour | On or near Welton Close |