£396,903
This estimated value is based upon the latest sale price for the house of £295,000 on 24 Jun 2016. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £295,000 | 24 Jun 2016 |
| £115,000 | 25 May 2000 |
| Detached |
| Leasehold |
| Floor Area: 115 sq meters or 1,237 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 June 2016 the House Price Index for NORTHUMBERLAND was 111.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.544%.Applying this 34.544% change to the original purchase price of £295,000 results in an estimated price of approximately £396,903.
| 24 Jun 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 149.7 | 34.544 % | £295,000 | £101,903 | £396,903 |
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 | 80.051 % | £236,151 | £531,151 |
| 3 Month Average | 39.173 % | £115,560 | £410,560 |
| 6 Month Average | 42.207 % | £124,509 | £419,509 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £80,233 | £79,000 | 129 SECOND AVENUE |
| 1 Nov 2023 | £105,683 | £103,000 | 32 SECOND AVENUE |
| 14 Mar 2023 | £361,029 | £355,000 | 20 KINGSWELL |
| 14 Feb 2023 | £93,122 | £92,500 | 19 WILLOW CLOSE |
| 10 Oct 2022 | £104,650 | £105,000 | 5 SIXTH AVENUE |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 19 Feb 2016. Using an estimated price of £396,904 means this house is valued at £3,451 per sq meter (£320 per sq foot).
The average size of a house on KINGSWELL is 127 sq meters (1,373 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Sixth Avenue |
| Aug 2024 | Anti-social behaviour | On or near Sixth Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Sixth Avenue |