£322,012
This estimated value is based upon the latest sale price for the house of £327,500 on 17 Jan 2023. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £327,500 | 17 Jan 2023 |
| £230,000 | 29 Oct 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 2023 the House Price Index for NORTHUMBERLAND was 149.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -1.676%.Applying this -1.676% change to the original purchase price of £327,500 results in an estimated price of approximately £322,012.
| 17 Jan 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.2 | 146.7 | -1.676 % | £327,500 | £-5,487 | £322,012 |
The Postcode Pricing Model uses changes in average sales price within the NE61 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 | 35.514 % | £116,308 | £443,808 |
| 3 Month Average | 12.680 % | £41,525 | £369,025 |
| 6 Month Average | 9.654 % | £31,615 | £359,115 |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 27 Sep 2012.
The average size of a house on SPELVIT LANE is 95 sq meters (1,032 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Highford Gardens |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Priors Walk |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Queen'S Gardens |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Queen'S Gardens |
| Feb 2024 | Anti-social behaviour | On or near Queen'S Gardens |