£741,714
This estimated value is based upon the latest sale price for the house of £320,000 on 28 Aug 2003. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £320,000 | 28 Aug 2003 |
| £140,000 | 22 May 1995 |
| 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 August 2003 the House Price Index for NORTHUMBERLAND was 64.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 131.786%.Applying this 131.786% change to the original purchase price of £320,000 results in an estimated price of approximately £741,714.
| 28 Aug 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.6 | 149.7 | 131.786 % | £320,000 | £421,714 | £741,714 |
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 | 135.855 % | £434,736 | £754,736 |
| 3 Month Average | 119.286 % | £381,714 | £701,714 |
| 6 Month Average | 120.404 % | £385,293 | £705,293 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £189,818 | £185,000 | 19 THE COVERS |
| 1 Nov 2023 | £105,683 | £103,000 | 32 SECOND AVENUE |
| 9 Jun 2023 | £198,988 | £195,000 | 25 THE COVERS |
| 14 Mar 2023 | £361,029 | £355,000 | 20 KINGSWELL |
| 26 Aug 2022 | £477,232 | £475,000 | 1 ORCHARD MEWS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Second Avenue | |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Second Avenue |
| Aug 2024 | Anti-social behaviour | On or near Second Avenue | |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Second Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Second Avenue |