£379,219
This estimated value is based upon the latest sale price for the house of £226,000 on 14 Jun 2013. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £226,000 | 14 Jun 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 June 2013 the House Price Index for NORTHUMBERLAND was 89.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 67.796%.Applying this 67.796% change to the original purchase price of £226,000 results in an estimated price of approximately £379,219.
| 14 Jun 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.2 | 149.7 | 67.796 % | £226,000 | £153,219 | £379,219 |
The Postcode Pricing Model uses changes in average sales price within the NE61 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 | 54.610 % | £123,418 | £349,418 |
| 3 Month Average | 55.866 % | £126,256 | £352,256 |
| 6 Month Average | 48.226 % | £108,990 | £334,990 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £131,139 | £130,000 | 3 ARMSTRONG TERRACE |
| 9 Jun 2023 | £71,431 | £70,000 | 15 EDWARD STREET |
| 26 Apr 2023 | £122,287 | £120,000 | 6 EDWARD STREET |
| 6 Jan 2023 | £381,018 | £380,000 | 4 ALDER CLOSE |
| 26 Aug 2022 | £477,232 | £475,000 | 1 ORCHARD MEWS |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 25 May 2012. Using an estimated price of £379,220 means this house is valued at £3,134 per sq meter (£291 per sq foot).
The average size of a house on BANKSIDE is 150 sq meters (1,623 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Bankside |
| Nov 2024 | Public order | Under investigation | On or near West Greens |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near West Greens |
| Aug 2024 | Anti-social behaviour | On or near West Greens | |
| Aug 2024 | Anti-social behaviour | On or near West Greens |