£203,263
This estimated value is based upon the latest sale price for the house of £172,000 on 29 Oct 2020. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £172,000 | 29 Oct 2020 |
| £159,000 | 25 Oct 2016 |
| £165,000 | 18 May 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 October 2020 the House Price Index for NORTHUMBERLAND was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £172,000 results in an estimated price of approximately £203,263.
| 29 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £172,000 | £31,263 | £203,263 |
The Postcode Pricing Model uses changes in average sales price within the NE66 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 | 25.478 % | £43,822 | £215,822 |
| 3 Month Average | 27.127 % | £46,658 | £218,658 |
| 6 Month Average | 26.860 % | £46,200 | £218,200 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Aug 2024 | £320,000 | £320,000 | HOLLYBURN RENNINGTON VILLAGE |
| 14 Aug 2024 | £605,000 | £605,000 | BURNSIDE COTTAGE, 2 CHURCH VIEW |
| 28 Mar 2024 | £284,369 | £280,000 | 7 RENNINGTON VILLAGE |
| 19 Jan 2023 | £425,136 | £424,000 | 11 ROCK HOME FARM |
| 31 Oct 2022 | £473,419 | £475,000 | THE BLACKSMITHS, 5 ROCK HOME FARM |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 13 Dec 2019. Using an estimated price of £203,264 means this house is valued at £2,283 per sq meter (£212 per sq foot).
The average size of a house on ROCK SOUTH FARM COTTAGES is 120 sq meters (1,291 sq feet).