£247,625
This estimated value is based upon the latest sale price for the house of £145,000 on 24 Jan 2013. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £145,000 | 24 Jan 2013 |
| Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 January 2013 the House Price Index for NORTHUMBERLAND was 87.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.776%.Applying this 70.776% change to the original purchase price of £145,000 results in an estimated price of approximately £247,625.
| 24 Jan 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 149.7 | 70.776 % | £145,000 | £102,625 | £247,625 |
The Postcode Pricing Model uses changes in average sales price within the NE42 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 | 49.562 % | £71,864 | £216,864 |
| 3 Month Average | 61.562 % | £89,264 | £234,264 |
| 6 Month Average | 28.814 % | £41,780 | £186,780 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Mar 2024 | £172,653 | £170,000 | 63 WESTERN AVENUE |
| 31 Aug 2023 | £183,306 | £180,000 | 65 WESTERN AVENUE |
| 27 Apr 2023 | £183,431 | £180,000 | 73 WESTERN AVENUE |
| 21 Mar 2023 | £61,019 | £60,000 | 13 WESTERN AVENUE |
| 3 Mar 2023 | £61,019 | £60,000 | 6 BEECH GROVE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 16 Jan 2017. Using an estimated price of £247,626 means this house is valued at £2,782 per sq meter (£258 per sq foot).
The average size of a house on WESTERN AVENUE is 100 sq meters (1,082 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Dene Grove | |
| Jun 2024 | Anti-social behaviour | On or near Dene Grove | |
| May 2024 | Violence and sexual offences | Under investigation | On or near Dene Grove |
| May 2024 | Violence and sexual offences | Under investigation | On or near Dene Grove |
| Jul 2024 | Anti-social behaviour | On or near Master'S Crescent |