£72,834
This estimated value is based upon the latest sale price for the house of £15,000 on 12 Nov 1997. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £15,000 | 12 Nov 1997 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 927 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 1997 the House Price Index for NORTHUMBERLAND was 30.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 385.566%.Applying this 385.566% change to the original purchase price of £15,000 results in an estimated price of approximately £72,834.
| 12 Nov 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.2 | 146.7 | 385.566 % | £15,000 | £57,834 | £72,834 |
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 | 103.131 % | £15,469 | £30,469 |
| 3 Month Average | 148.864 % | £22,329 | £37,329 |
| 6 Month Average | 202.044 % | £30,306 | £45,306 |
This house has a floor area of 86 sq meters or 927 sq feet when measured on 5 Nov 2010.
The average size of a house on MILBURN TERRACE is 105 sq meters (1,131 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Offender given a caution | On or near Fairview |
| Feb 2024 | Anti-social behaviour | On or near Fairview | |
| Feb 2024 | Public order | Under investigation | On or near Fairview |
| Feb 2024 | Anti-social behaviour | On or near Fairview | |
| Feb 2024 | Anti-social behaviour | On or near Fairview |