£167,284
This estimated value is based upon the latest sale price for the house of £89,950 on 16 Jun 2005. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£89,950 | 16 Jun 2005 |
£39,950 | 28 Sep 2001 |
Terraced |
Freehold |
Floor Area: 111 sq meters or 1,199 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 2005 the House Price Index for NORTHUMBERLAND was 80.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 85.975%.Applying this 85.975% change to the original purchase price of £89,950 results in an estimated price of approximately £167,284.
16 Jun 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
80.5 | 149.7 | 85.975 % | £89,950 | £77,334 | £167,284 |
The Postcode Pricing Model uses changes in average sales price within the NE49 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 | 22.778 % | £20,488 | £110,438 |
3 Month Average | 28.810 % | £25,914 | £115,864 |
6 Month Average | 57.664 % | £51,868 | £141,818 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Jun 2024 | £160,000 | £160,000 | 4 WOODHEAD VILLAS |
21 Apr 2023 | £66,239 | £65,000 | 2 WOODHEAD LANE |
27 Mar 2023 | £152,497 | £149,950 | 17 GIBSON CLOSE |
17 Mar 2023 | £76,274 | £75,000 | 14 WOODHEAD LANE |
12 Dec 2022 | £206,340 | £125,000 | WESTGATE CHAMBERS WESTGATE |
This house has a floor area of 111 sq meters or 1,199 sq feet when measured on 27 Nov 2011. Using an estimated price of £167,284 means this house is valued at £1,501 per sq meter (£139 per sq foot).
The average size of a house on BANKS TERRACE is 111 sq meters (1,202 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Oct 2024 | Other crime | Investigation complete; no suspect identified | On or near Greenholme Road |
Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Greenholme Road |
Oct 2024 | Violence and sexual offences | Under investigation | On or near Fleming Court |
Sep 2024 | Violence and sexual offences | Under investigation | On or near Fleming Court |
Sep 2024 | Violence and sexual offences | Under investigation | On or near Fleming Court |