£123,039
This estimated value is based upon the latest sale price for the house of £100,000 on 28 Mar 2019. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£100,000 | 28 Mar 2019 |
Terraced |
Freehold |
Floor Area: 96 sq meters or 1,033 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 March 2019 the House Price Index for NORTHUMBERLAND was 120.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.040%.Applying this 23.040% change to the original purchase price of £100,000 results in an estimated price of approximately £123,039.
28 Mar 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.0 | 23.040 % | £100,000 | £23,039 | £123,039 |
The Postcode Pricing Model uses changes in average sales price within the NE42 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 | -52.982 % | £-52,981 | £47,018 |
3 Month Average | 0.801 % | £801 | £100,801 |
6 Month Average | 12.723 % | £12,722 | £112,722 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Mar 2024 | £177,600 | £177,000 | 83 PARK LANE |
18 Dec 2023 | £136,584 | £134,000 | 73 CHEVIOT VIEW |
24 Nov 2023 | £135,743 | £134,000 | 3 TARSET DRIVE |
31 Aug 2023 | £251,530 | £250,000 | 27 PARK LANE |
16 Aug 2023 | £249,014 | £247,500 | 1 DRAWBACK CLOSE |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 24 Apr 2018. Using an estimated price of £123,040 means this house is valued at £1,281 per sq meter (£119 per sq foot).
The average size of a house on DRAWBACK is 131 sq meters (1,410 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Drawback |
Apr 2024 | Anti-social behaviour | On or near Drawback | |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Drawback |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Drawback |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Orchard Close |