£59,423
This estimated value is based upon the latest sale price for the house of £47,000 on 26 Jan 2018. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £47,000 | 26 Jan 2018 |
| £70,000 | 1 Oct 2009 |
| £32,000 | 6 Mar 2009 |
| £32,000 | 6 Mar 2009 |
| £12,000 | 26 Jun 2000 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 2018 the House Price Index for NORTHUMBERLAND was 118.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.433%.Applying this 26.433% change to the original purchase price of £47,000 results in an estimated price of approximately £59,423.
| 26 Jan 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 149.7 | 26.433 % | £47,000 | £12,423 | £59,423 |
The Postcode Pricing Model uses changes in average sales price within the NE63 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 | 28.574 % | £13,429 | £60,429 |
| 3 Month Average | 33.283 % | £15,643 | £62,643 |
| 6 Month Average | 14.110 % | £6,631 | £53,631 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £74,139 | £73,000 | 34 MYRTLE STREET |
| 31 Oct 2023 | £143,254 | £140,000 | 79 - 85 NORTH SEATON ROAD |
| 13 Oct 2023 | £65,487 | £64,000 | 18 MYRTLE STREET |
| 1 Sep 2023 | £122,705 | £120,000 | 15 NORTH SEATON ROAD |
| 18 Aug 2023 | £51,937 | £51,000 | 21 NORTH SEATON ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 8 Jul 2009. Using an estimated price of £59,424 means this house is valued at £824 per sq meter (£76 per sq foot).
The average size of a house on MYRTLE STREET is 85 sq meters (920 sq feet).