£92,702
This estimated value is based upon the latest sale price for the house of £39,995 on 29 Aug 2003. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £39,995 | 29 Aug 2003 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 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 £39,995 results in an estimated price of approximately £92,702.
| 29 Aug 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.6 | 149.7 | 131.786 % | £39,995 | £52,707 | £92,702 |
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 | 139.281 % | £55,705 | £95,700 |
| 3 Month Average | 145.758 % | £58,295 | £98,290 |
| 6 Month Average | 215.072 % | £86,017 | £126,012 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Nov 2023 | £100,552 | £98,000 | 37 LONG PARK |
| 6 Oct 2023 | £148,370 | £145,000 | 18 SIMONSIDE TERRACE |
| 14 Apr 2023 | £264,956 | £260,000 | 8 GIBSON STREET |
| 22 Jul 2022 | £232,328 | £230,000 | 6 FRONT STREET |
| 30 Jun 2022 | £281,007 | £275,000 | 3 GIBSON STREET |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 9 Apr 2019. Using an estimated price of £92,703 means this house is valued at £1,404 per sq meter (£130 per sq foot).
The average size of a house on LONG PARK is 92 sq meters (995 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Anti-social behaviour | On or near Grasmere Terrace | |
| Aug 2024 | Anti-social behaviour | On or near Aqua Terrace |