£457,700
This estimated value is based upon the latest sale price for the house of £270,000 on 25 Feb 2011. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £270,000 | 25 Feb 2011 |
| £103,500 | 31 Mar 1999 |
| Detached |
| Leasehold |
| Floor Area: 129 sq meters or 1,396 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 February 2011 the House Price Index for NORTHUMBERLAND was 86.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 69.519%.Applying this 69.519% change to the original purchase price of £270,000 results in an estimated price of approximately £457,700.
| 25 Feb 2011 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.5 | 146.7 | 69.519 % | £270,000 | £187,700 | £457,700 |
The Postcode Pricing Model uses changes in average sales price within the NE23 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 | 33.379 % | £90,124 | £360,124 |
| 3 Month Average | 36.084 % | £97,427 | £367,427 |
| 6 Month Average | 17.325 % | £46,777 | £316,777 |
This house has a floor area of 129 sq meters or 1,396 sq feet when measured on 6 Aug 2010.
There is one other house on the street which we know the size of, this is 4 COLBURY CLOSE it is 186.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Woburn Close |