£79,688
This estimated value is based upon the latest sale price for the house of £70,000 on 14 May 2021. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £70,000 | 14 May 2021 |
| Terraced |
| Freehold |
| Floor Area: 49 sq meters or 527 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 May 2021 the House Price Index for NORTHUMBERLAND was 131.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 13.840%.Applying this 13.840% change to the original purchase price of £70,000 results in an estimated price of approximately £79,688.
| 14 May 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 131.5 | 149.7 | 13.840 % | £70,000 | £9,688 | £79,688 |
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 | 14.585 % | £10,209 | £80,209 |
| 3 Month Average | 22.810 % | £15,967 | £85,967 |
| 6 Month Average | 13.386 % | £9,370 | £79,370 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £312,716 | £310,000 | 26 BOUNDARY DRIVE |
| 8 Dec 2023 | £149,597 | £145,000 | 28 SHIELDS ROAD |
| 6 Nov 2023 | £189,818 | £185,000 | 19 THE COVERS |
| 1 Nov 2023 | £105,683 | £103,000 | 32 SECOND AVENUE |
| 9 Jun 2023 | £198,988 | £195,000 | 25 THE COVERS |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 3 Oct 2016. Using an estimated price of £79,688 means this house is valued at £1,626 per sq meter (£151 per sq foot).
The average size of a house on SECOND AVENUE is 80 sq meters (863 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Second Avenue |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Second Avenue |
| Aug 2024 | Anti-social behaviour | On or near Second Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Second Avenue | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Second Avenue |