£142,214
This estimated value is based upon the latest sale price for the house of £102,000 on 22 Dec 2015. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £102,000 | 22 Dec 2015 |
| £132,500 | 30 Jul 2004 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 December 2015 the House Price Index for NORTHUMBERLAND was 107.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 39.426%.Applying this 39.426% change to the original purchase price of £102,000 results in an estimated price of approximately £142,214.
| 22 Dec 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 149.7 | 39.426 % | £102,000 | £40,214 | £142,214 |
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 | 27.643 % | £28,196 | £130,196 |
| 3 Month Average | 37.873 % | £38,630 | £140,630 |
| 6 Month Average | 27.319 % | £27,865 | £129,865 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £456,590 | £445,000 | 2 CRAWFORD COTTAGES |
| 29 Sep 2023 | £166,674 | £163,000 | 7 NOBLE TERRACE |
| 9 Jun 2023 | £71,431 | £70,000 | 15 EDWARD STREET |
| 3 Mar 2023 | £106,783 | £105,000 | 1 LANCASTER TERRACE |
| 2 Feb 2023 | £180,204 | £179,000 | 2 QUEEN STREET |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 11 Nov 2014. Using an estimated price of £142,214 means this house is valued at £1,921 per sq meter (£178 per sq foot).
The average size of a house on REID STREET is 81 sq meters (872 sq feet).
This house is the largest in the street with a floor area of 74 sq meters (796 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Bennett'S Walk |
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Bennett'S Walk |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Bennett'S Walk |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Bennett'S Walk |
| Aug 2024 | Other theft | Under investigation | On or near Bennett'S Walk |