£109,998
This estimated value is based upon the latest sale price for the house of £107,500 on 2 Oct 2023. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £107,500 | 2 Oct 2023 |
| £96,000 | 28 Jun 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 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 October 2023 the House Price Index for NORTHUMBERLAND was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £107,500 results in an estimated price of approximately £109,998.
| 2 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £107,500 | £2,498 | £109,998 |
The Postcode Pricing Model uses changes in average sales price within the NE42 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 | 83.985 % | £90,283 | £197,783 |
| 3 Month Average | 59.909 % | £64,402 | £171,902 |
| 6 Month Average | 6.521 % | £7,010 | £114,510 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 May 2024 | £100,000 | £100,000 | 3 THE CLOSE |
| 15 Mar 2024 | £106,638 | £105,000 | 93 CHEVIOT VIEW |
| 2 Oct 2023 | £109,998 | £107,500 | 71 REDWELL ROAD |
| 8 Sep 2023 | £380,897 | £372,500 | 1 PADDOCK WOOD |
| 1 Sep 2022 | £149,900 | £150,000 | 64 ADDERLANE ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 9 May 2016. Using an estimated price of £109,998 means this house is valued at £1,249 per sq meter (£116 per sq foot).
The average size of a house on REDWELL ROAD is 100 sq meters (1,083 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Paddock Close | |
| Jul 2024 | Anti-social behaviour | On or near Stancley Road | |
| Jun 2024 | Anti-social behaviour | On or near Stancley Road | |
| Jun 2024 | Anti-social behaviour | On or near Stancley Road | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Redwell Road |