£1,232
This estimated value is based upon the latest sale price for the house of £1,000 on 21 Feb 2020. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £1,000 | 21 Feb 2020 |
| £305,000 | 9 Mar 2018 |
| £133,000 | 14 May 1998 |
| Freehold |
| Floor Area: 149 sq meters or 1,603 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 February 2020 the House Price Index for NORTHUMBERLAND was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £1,000 results in an estimated price of approximately £1,232.
| 21 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £1,000 | £232 | £1,232 |
The Postcode Pricing Model uses changes in average sales price within the NE63 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 | 15.957 % | £159 | £1,159 |
| 3 Month Average | 8.984 % | £89 | £1,089 |
| 6 Month Average | 3.364 % | £33 | £1,033 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jun 2024 | £249,500 | £249,500 | 2 HARELAW DRIVE |
| 19 Apr 2024 | £302,628 | £300,000 | 9 CHAFFINCH COURT |
| 8 Sep 2023 | £224,959 | £220,000 | 24 GROUSEMOOR DRIVE |
| 20 Jun 2023 | £459,202 | £450,000 | 9 VALERIAN COURT |
| 20 Jan 2023 | £242,648 | £242,000 | 11 FALCON COURT |
This house has a floor area of 149 sq meters or 1,603 sq feet when measured on 24 Jan 2018. Using an estimated price of £1,233 means this house is valued at £8 per sq meter (£0 per sq foot).
There is one other house on the street which we know the size of, this is 5 SPEEDWELL COURT it is 143.57
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Speedwell Court | |
| Oct 2024 | Anti-social behaviour | On or near Speedwell Court | |
| Nov 2024 | Anti-social behaviour | On or near Cranemarsh Close | |
| Oct 2024 | Anti-social behaviour | On or near Magnolia Drive | |
| Oct 2024 | Anti-social behaviour | On or near Magnolia Drive |