£580,655
This estimated value is based upon the latest sale price for the house of £420,000 on 13 Jan 2016. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £420,000 | 13 Jan 2016 |
| Detached |
| Freehold |
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 2016 the House Price Index for NORTHUMBERLAND was 108.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 38.251%.Applying this 38.251% change to the original purchase price of £420,000 results in an estimated price of approximately £580,655.
| 13 Jan 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 149.7 | 38.251 % | £420,000 | £160,655 | £580,655 |
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 | 164.942 % | £692,755 | £1,112,755 |
| 3 Month Average | 42.536 % | £178,651 | £598,651 |
| 6 Month Average | 40.100 % | £168,419 | £588,419 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Apr 2024 | £625,431 | £620,000 | 15 THORNLEA |
| 11 Mar 2024 | £741,391 | £730,000 | THE MALTINGS, 2 THORNLEA |
| 2 Aug 2023 | £840,153 | £825,000 | 4 THORNLEA |
| 22 Jul 2022 | £535,364 | £530,000 | GREENGATES |
| 10 Jun 2022 | £582,450 | £570,000 | 16 CROFTS PARK |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Parking Area | |
| Jun 2024 | Anti-social behaviour | On or near Parking Area | |
| Jun 2024 | Anti-social behaviour | On or near Parking Area | |
| Jun 2024 | Anti-social behaviour | On or near Parking Area | |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wansbeck Way |