£95,053
This estimated value is based upon the latest sale price for the house of £57,000 on 19 Dec 2006. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£57,000 | 19 Dec 2006 |
£52,000 | 3 Mar 2006 |
£17,500 | 19 Jan 2001 |
Terraced |
Freehold |
Floor Area: 74 sq meters or 796 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 December 2006 the House Price Index for NORTHUMBERLAND was 89.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 66.761%.Applying this 66.761% change to the original purchase price of £57,000 results in an estimated price of approximately £95,053.
19 Dec 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
89.8 | 149.7 | 66.761 % | £57,000 | £38,053 | £95,053 |
The Postcode Pricing Model uses changes in average sales price within the NE64 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 | 56.314 % | £32,099 | £89,099 |
3 Month Average | 43.091 % | £24,561 | £81,561 |
6 Month Average | 61.764 % | £35,205 | £92,205 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Mar 2024 | £60,936 | £60,000 | 8 WOODHORN ROAD |
9 Nov 2023 | £74,901 | £73,000 | 28 LYNWOOD AVENUE |
10 Mar 2023 | £78,308 | £77,000 | 12 LYNWOOD AVENUE |
17 Feb 2023 | £70,471 | £70,000 | 25 LYNWOOD AVENUE |
6 Feb 2023 | £75,504 | £75,000 | 11 BRENTWOOD AVENUE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 12 May 2016. Using an estimated price of £95,054 means this house is valued at £1,284 per sq meter (£119 per sq foot).
The average size of a house on WOODHORN ROAD is 100 sq meters (1,083 sq feet).