£382,924
This estimated value is based upon the latest sale price for the house of £220,000 on 23 Sep 2011. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £220,000 | 23 Sep 2011 |
| £175,000 | 6 Nov 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 880 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 September 2011 the House Price Index for NORTHUMBERLAND was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.057%.Applying this 74.057% change to the original purchase price of £220,000 results in an estimated price of approximately £382,924.
| 23 Sep 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 149.7 | 74.057 % | £220,000 | £162,924 | £382,924 |
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 | 46.012 % | £101,226 | £321,226 |
| 3 Month Average | 53.328 % | £117,321 | £337,321 |
| 6 Month Average | 50.183 % | £110,402 | £330,402 |
| 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 81 sq meters or 880 sq feet when measured on 4 Mar 2011. Using an estimated price of £382,925 means this house is valued at £4,678 per sq meter (£434 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 |