£299,457
This estimated value is based upon the latest sale price for the house of £60,000 on 28 Oct 1997. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £60,000 | 28 Oct 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 138 sq meters or 1,495 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 1997 the House Price Index for NORTHUMBERLAND was 30.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 399.095%.Applying this 399.095% change to the original purchase price of £60,000 results in an estimated price of approximately £299,457.
| 28 Oct 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.0 | 149.7 | 399.095 % | £60,000 | £239,457 | £299,457 |
The Postcode Pricing Model uses changes in average sales price within the NE64 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 | 277.245 % | £166,346 | £226,346 |
| 3 Month Average | 388.679 % | £233,207 | £293,207 |
| 6 Month Average | 454.957 % | £272,974 | £332,974 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 May 2024 | £155,000 | £155,000 | 4 LOCARNO PLACE |
| 3 Apr 2024 | £171,489 | £170,000 | 2 LOCARNO PLACE |
| 6 Oct 2023 | £148,370 | £145,000 | 18 SIMONSIDE TERRACE |
| 2 Sep 2022 | £239,840 | £240,000 | 3 VICTORIA TERRACE |
| 2 Feb 2022 | £134,170 | £127,000 | 17 SIMONSIDE TERRACE |
This house has a floor area of 138 sq meters or 1,495 sq feet when measured on 21 Jun 2011. Using an estimated price of £299,457 means this house is valued at £2,155 per sq meter (£200 per sq foot).
The average size of a house on FRONT STREET is 136 sq meters (1,472 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Front Street |
| Oct 2024 | Other theft | Under investigation | On or near Front Street |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Front Street |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Front Street |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Front Street |