£194,276
This estimated value is based upon the latest sale price for the house of £167,802 on 30 Jul 2021. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
There has been one burglary within the last year on or near Lanchester Green
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| Price Paid | Date |
|---|---|
| £167,802 | 30 Jul 2021 |
| £132,000 | 2 Nov 2005 |
| Detached |
| Freehold |
| Floor Area: 58 sq meters or 624 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 July 2021 the House Price Index for NORTHUMBERLAND was 129.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.777%.Applying this 15.777% change to the original purchase price of £167,802 results in an estimated price of approximately £194,276.
| 30 Jul 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 149.7 | 15.777 % | £167,802 | £26,474 | £194,276 |
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 | 62.382 % | £104,677 | £272,479 |
| 3 Month Average | 6.534 % | £10,963 | £178,765 |
| 6 Month Average | -9.627 % | £-16,154 | £151,647 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £135,000 | £135,000 | 70 AUGUSTUS DRIVE |
| 24 Oct 2023 | £243,531 | £238,000 | 61 AUGUSTUS DRIVE |
| 25 Aug 2023 | £162,939 | £160,000 | 24 BONCHESTER CLOSE |
| 3 Apr 2023 | £246,613 | £242,000 | 65 AUGUSTUS DRIVE |
| 31 Mar 2023 | £195,261 | £192,000 | 57 AUGUSTUS DRIVE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 8 Nov 2013. Using an estimated price of £194,277 means this house is valued at £3,349 per sq meter (£311 per sq foot).
The average size of a house on AUGUSTUS DRIVE is 88 sq meters (950 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Burglary | Under investigation | On or near Lanchester Green |
| Jul 2024 | Criminal damage and arson | Offender given a caution | On or near Lanchester Green |
| Jul 2024 | Anti-social behaviour | On or near Lanchester Green | |
| Jul 2024 | Anti-social behaviour | On or near Lanchester Green | |
| Jul 2024 | Anti-social behaviour | On or near Lanchester Green |