£181,633
This estimated value is based upon the latest sale price for the house of £135,000 on 27 Jun 2016. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £135,000 | 27 Jun 2016 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 £135,000 results in an estimated price of approximately £181,633.
| 27 Jun 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 149.7 | 34.544 % | £135,000 | £46,633 | £181,633 |
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 % | £108,069 | £243,069 |
| 3 Month Average | 39.173 % | £52,883 | £187,883 |
| 6 Month Average | 42.207 % | £56,979 | £191,979 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Apr 2024 | £1,740,111 | £1,725,000 | PETROL FILLING STATION DARK LANE |
| 8 Apr 2024 | £175,524 | £174,000 | 12 ADMIRAL COLLINGWOOD COURT |
| 27 Mar 2024 | £9,526,363 | £9,380,000 | WM MORRISONS DARK LANE |
| 27 Mar 2024 | £9,526,363 | £9,380,000 | WM MORRISON SUPERMARKETS PLC DARK LANE |
| 13 Oct 2023 | £184,183 | £180,000 | 20 STAITHES LANE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 4 Sep 2015. Using an estimated price of £181,634 means this house is valued at £2,594 per sq meter (£241 per sq foot).
The average size of a house on WELLWOOD GARDENS is 77 sq meters (834 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Criminal damage and arson | Under investigation | On or near Wellwood Gardens |
| Aug 2024 | Other crime | Under investigation | On or near Wellwood Gardens |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Staithes Lane |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Staithes Lane |
| Sep 2024 | Burglary | Under investigation | On or near Staithes Lane |