£92,033
This estimated value is based upon the latest sale price for the house of £74,500 on 18 Jan 2019. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £74,500 | 18 Jan 2019 |
| £77,000 | 14 Dec 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 January 2019 the House Price Index for NORTHUMBERLAND was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.536%.Applying this 23.536% change to the original purchase price of £74,500 results in an estimated price of approximately £92,033.
| 18 Jan 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.536 % | £74,500 | £17,533 | £92,033 |
The Postcode Pricing Model uses changes in average sales price within the NE22 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 | 32.158 % | £23,957 | £98,457 |
| 3 Month Average | -2.658 % | £-1,980 | £72,519 |
| 6 Month Average | 17.130 % | £12,761 | £87,261 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £193,384 | £190,000 | 37 HOTSPUR AVENUE |
| 30 Jun 2023 | £251,041 | £248,000 | 7 ST NICHOLAS DRIVE |
| 15 Jun 2023 | £249,016 | £246,000 | 9 ST NICHOLAS DRIVE |
| 19 Apr 2023 | £161,742 | £160,000 | 30 HOTSPUR AVENUE |
| 27 Feb 2023 | £259,825 | £260,000 | 24 TOWERS CLOSE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 1 Aug 2015. Using an estimated price of £92,034 means this house is valued at £1,260 per sq meter (£117 per sq foot).
The average size of a house on MILLFIELD NORTH is 85 sq meters (923 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Millfield North | |
| Feb 2024 | Anti-social behaviour | On or near Millfield North | |
| Feb 2024 | Anti-social behaviour | On or near Millfield North | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Millfield North |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Millfield North |