£374,506
This estimated value is based upon the latest sale price for the house of £365,000 on 3 Nov 2023. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £365,000 | 3 Nov 2023 |
| £215,000 | 27 Jun 2014 |
| £174,000 | 18 May 2007 |
| Terraced |
| Freehold |
| Floor Area: 106 sq meters or 1,141 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 2023 the House Price Index for NORTHUMBERLAND was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £365,000 results in an estimated price of approximately £374,506.
| 3 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £365,000 | £9,506 | £374,506 |
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 | 8.500 % | £31,026 | £396,026 |
| 3 Month Average | 6.570 % | £23,980 | £388,980 |
| 6 Month Average | -0.984 % | £-3,593 | £361,406 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Aug 2024 | £465,000 | £465,000 | 4A KINGS AVENUE |
| 3 Nov 2023 | £374,506 | £365,000 | 3 SOUTH TERRACE |
| 20 Sep 2023 | £358,912 | £351,000 | 18 COTTINGWOOD GARDENS |
| 8 Aug 2023 | £295,327 | £290,000 | 2 SCHOOL CLOSE |
| 4 Apr 2023 | £120,249 | £118,000 | 84A NEWGATE STREET |
This house has a floor area of 106 sq meters or 1,141 sq feet when measured on 14 Jun 2010. Using an estimated price of £374,506 means this house is valued at £3,530 per sq meter (£327 per sq foot).
The average size of a house on SOUTH TERRACE is 147 sq meters (1,582 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Cottingwood Lane | |
| Aug 2024 | Anti-social behaviour | On or near Cottingwood Lane | |
| Aug 2024 | Anti-social behaviour | On or near Northumberland Gardens | |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Northumberland Gardens |
| Aug 2024 | Anti-social behaviour | On or near Northumberland Gardens |