£149,613
This estimated value is based upon the latest sale price for the house of £93,000 on 1 May 2007. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £93,000 | 1 May 2007 |
| Terraced |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 May 2007 the House Price Index for NORTHUMBERLAND was 93.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.875%.Applying this 60.875% change to the original purchase price of £93,000 results in an estimated price of approximately £149,613.
| 1 May 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.1 | 149.7 | 60.875 % | £93,000 | £56,613 | £149,613 |
The Postcode Pricing Model uses changes in average sales price within the NE22 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 | 55.248 % | £51,380 | £144,380 |
| 3 Month Average | 21.379 % | £19,882 | £112,882 |
| 6 Month Average | 12.354 % | £11,489 | £104,489 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Oct 2023 | £104,370 | £102,000 | 52 ROSLIN PARK |
| 23 Oct 2023 | £127,905 | £125,000 | 35 WAVERLEY AVENUE |
| 4 Apr 2023 | £30,572 | £30,000 | 5A PIONEER TERRACE |
| 16 Feb 2023 | £28,188 | £28,000 | 9A PIONEER TERRACE |
| 19 Aug 2022 | £150,705 | £150,000 | 5 HAREWOOD DRIVE |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 4 Jul 2018. Using an estimated price of £149,614 means this house is valued at £1,347 per sq meter (£125 per sq foot).
The average size of a house on PIONEER TERRACE is 84 sq meters (904 sq feet).