£247,325
This estimated value is based upon the latest sale price for the house of £248,495 on 15 Feb 2023. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £248,495 | 15 Feb 2023 |
| Detached |
| 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 February 2023 the House Price Index for NORTHUMBERLAND was 148.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -0.471%.Applying this -0.471% change to the original purchase price of £248,495 results in an estimated price of approximately £247,325.
| 15 Feb 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.7 | 148.0 | -0.471 % | £248,495 | £-1,169 | £247,325 |
The Postcode Pricing Model uses changes in average sales price within the NE22 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 | -43.543 % | £-108,202 | £140,292 |
| 3 Month Average | -33.628 % | £-83,564 | £164,930 |
| 6 Month Average | -11.350 % | £-28,204 | £220,290 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £304,469 | £302,000 | 14 CHURCH LANE |
| 27 Feb 2023 | £258,776 | £260,000 | 24 TOWERS CLOSE |
| 15 Feb 2023 | £247,325 | £248,495 | 26 TOWERS CLOSE |
| 21 Nov 2022 | £93,484 | £95,000 | 1 MILLFIELD |
| 16 Nov 2022 | £118,085 | £120,000 | 52 FRONT STREET EAST |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Millfield North | |
| Feb 2024 | Anti-social behaviour | On or near Millfield North | |
| Feb 2024 | Anti-social behaviour | On or near Millfield North | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Millfield North |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Millfield North |