£76,016
This estimated value is based upon the latest sale price for the house of £67,000 on 13 Jul 2021. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £67,000 | 13 Jul 2021 |
| £47,000 | 23 Aug 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 69 sq meters or 742 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 July 2021 the House Price Index for NORTHUMBERLAND was 129.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 13.457%.Applying this 13.457% change to the original purchase price of £67,000 results in an estimated price of approximately £76,016.
| 13 Jul 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 146.7 | 13.457 % | £67,000 | £9,016 | £76,016 |
The Postcode Pricing Model uses changes in average sales price within the NE62 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 | -19.934 % | £-13,356 | £53,643 |
| 3 Month Average | -23.496 % | £-15,742 | £51,257 |
| 6 Month Average | 11.062 % | £7,411 | £74,411 |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 16 Oct 2012.
The average size of a house on WELBECK ROAD is 80 sq meters (869 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Central Avenue |
| Mar 2024 | Public order | Under investigation | On or near Central Avenue |
| Mar 2024 | Anti-social behaviour | On or near Central Avenue | |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Central Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near North Avenue |