£193,663
This estimated value is based upon the latest sale price for the house of £190,000 on 18 Dec 2023. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £190,000 | 18 Dec 2023 |
| £116,500 | 11 Jun 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 68 sq meters or 731 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 December 2023 the House Price Index for NORTHUMBERLAND was 145.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.928%.Applying this 1.928% change to the original purchase price of £190,000 results in an estimated price of approximately £193,663.
| 18 Dec 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.2 | 148.0 | 1.928 % | £190,000 | £3,663 | £193,663 |
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 | -23.583 % | £-44,807 | £145,192 |
| 3 Month Average | -19.005 % | £-36,108 | £153,891 |
| 6 Month Average | -5.495 % | £-10,440 | £179,559 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £193,664 | £190,000 | 37 HOTSPUR AVENUE |
| 30 Jun 2023 | £304,469 | £302,000 | 14 CHURCH LANE |
| 19 Apr 2023 | £161,198 | £160,000 | 30 HOTSPUR AVENUE |
| 19 Apr 2023 | £332,471 | £330,000 | 15 CHURCH LANE |
| 27 Feb 2023 | £258,776 | £260,000 | 24 TOWERS CLOSE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 22 Feb 2018. Using an estimated price of £193,664 means this house is valued at £2,848 per sq meter (£264 per sq foot).
The average size of a house on HOTSPUR AVENUE is 112 sq meters (1,208 sq feet).
| 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 |