£281,665
This estimated value is based upon the latest sale price for the house of £210,000 on 24 Aug 2016. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £210,000 | 24 Aug 2016 |
| Detached |
| Freehold |
| Floor Area: 81 sq meters or 871 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 August 2016 the House Price Index for NORTHUMBERLAND was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.126%.Applying this 34.126% change to the original purchase price of £210,000 results in an estimated price of approximately £281,665.
| 24 Aug 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.126 % | £210,000 | £71,665 | £281,665 |
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 | 33.258 % | £69,840 | £279,840 |
| 3 Month Average | 33.859 % | £71,103 | £281,103 |
| 6 Month Average | 27.805 % | £58,391 | £268,391 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 May 2024 | £306,900 | £306,900 | 12 TURNERS WAY |
| 13 Dec 2023 | £180,548 | £175,000 | 17 THE PASTURES |
| 1 Dec 2023 | £355,937 | £345,000 | 8 PILGRIMS WAY |
| 29 Sep 2023 | £455,031 | £445,000 | 25 TURNERS WAY |
| 1 Sep 2023 | £311,875 | £305,000 | 11 THE PASTURES |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 2 Aug 2016. Using an estimated price of £281,665 means this house is valued at £3,477 per sq meter (£323 per sq foot).
The average size of a house on THE PASTURES is 96 sq meters (1,035 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Friars Gate |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Vanburgh Gardens |
| Nov 2024 | Public order | Under investigation | On or near Queensway |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near West Hill |
| Nov 2024 | Violence and sexual offences | Under investigation | On or near The Pastures |