£303,515
This estimated value is based upon the latest sale price for the house of £295,000 on 28 Jul 2023. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£295,000 | 28 Jul 2023 |
£65,000 | 12 Feb 1999 |
Terraced |
Freehold |
Floor Area: 103 sq meters or 1,110 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 July 2023 the House Price Index for NORTHUMBERLAND was 145.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.887%.Applying this 2.887% change to the original purchase price of £295,000 results in an estimated price of approximately £303,515.
28 Jul 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.5 | 149.7 | 2.887 % | £295,000 | £8,515 | £303,515 |
The Postcode Pricing Model uses changes in average sales price within the NE46 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 | 8.978 % | £26,486 | £321,486 |
3 Month Average | 6.590 % | £19,439 | £314,439 |
6 Month Average | 25.820 % | £76,169 | £371,169 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 May 2024 | £264,000 | £264,000 | 3 WESTBOURNE GROVE |
15 Mar 2024 | £255,932 | £252,000 | THORNHILL EILANSGATE |
8 Dec 2023 | £324,986 | £315,000 | 9 MILLFIELD TERRACE |
12 Oct 2023 | £134,351 | £131,300 | 16 RYE TERRACE |
5 Sep 2023 | £114,525 | £112,000 | 11 RYE TERRACE |
This house has a floor area of 103 sq meters or 1,110 sq feet when measured on 8 Oct 2008.
The average size of a house on MILLFIELD TERRACE is 114 sq meters (1,233 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Rye Terrace |
May 2024 | Burglary | Investigation complete; no suspect identified | On or near Leazes Crescent |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Glen Terrace |
May 2024 | Burglary | Awaiting court outcome | On or near Glen Terrace |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fenwick Grove |