£144,325
This estimated value is based upon the latest sale price for the house of £145,000 on 23 Nov 2022. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £145,000 | 23 Nov 2022 |
| £132,950 | 1 Jun 2012 |
| Terraced |
| Freehold |
| Floor Area: 32 sq meters or 350 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 November 2022 the House Price Index for NORTHUMBERLAND was 150.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of -0.465%.Applying this -0.465% change to the original purchase price of £145,000 results in an estimated price of approximately £144,325.
| 23 Nov 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 149.7 | -0.465 % | £145,000 | £-674 | £144,325 |
The Postcode Pricing Model uses changes in average sales price within the NE63 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 | -45.383 % | £-65,805 | £79,194 |
| 3 Month Average | -21.010 % | £-30,464 | £114,535 |
| 6 Month Average | 0.401 % | £581 | £145,581 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £160,946 | £156,000 | 15 TORRANCE CLOSE |
| 7 Dec 2023 | £206,340 | £200,000 | 6 TORRANCE CLOSE |
| 29 Sep 2023 | £173,832 | £170,000 | 21 HARRINGTON WAY |
| 11 Sep 2023 | £176,388 | £172,500 | 31 HARRINGTON WAY |
| 10 Aug 2023 | £158,865 | £156,000 | 15 MONTGOMERIE COURT |
This house has a floor area of 32 sq meters or 350 sq feet when measured on 13 Jan 2012. Using an estimated price of £144,325 means this house is valued at £4,438 per sq meter (£412 per sq foot).
The average size of a house on HARRINGTON WAY is 90 sq meters (972 sq feet).