£199,446
This estimated value is based upon the latest sale price for the house of £121,000 on 15 Oct 2013. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £121,000 | 15 Oct 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 October 2013 the House Price Index for NORTHUMBERLAND was 90.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 64.832%.Applying this 64.832% change to the original purchase price of £121,000 results in an estimated price of approximately £199,446.
| 15 Oct 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.8 | 149.7 | 64.832 % | £121,000 | £78,446 | £199,446 |
The Postcode Pricing Model uses changes in average sales price within the NE62 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 | 8.457 % | £10,232 | £131,232 |
| 3 Month Average | 57.817 % | £69,958 | £190,958 |
| 6 Month Average | 21.797 % | £26,374 | £147,374 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £184,688 | £180,000 | 20 BEECHWOOD AVENUE |
| 18 Sep 2023 | £120,660 | £118,000 | 23 GLENDALE AVENUE |
| 1 Sep 2023 | £134,464 | £131,500 | 12 ASHLEY GARDENS |
| 22 Jun 2023 | £198,988 | £195,000 | 4 GRANVILLE GARDENS |
| 13 Feb 2023 | £166,110 | £165,000 | 10 HEATHERLEA GARDENS |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 20 May 2013. Using an estimated price of £199,446 means this house is valued at £2,035 per sq meter (£189 per sq foot).
The average size of a house on FAIRWAY is 106 sq meters (1,149 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Wansbeck Avenue | |
| Sep 2024 | Anti-social behaviour | On or near Wansbeck Avenue | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Fairway |
| Oct 2024 | Anti-social behaviour | On or near Fairway | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Fairway |