£83,897
This estimated value is based upon the latest sale price for the house of £44,500 on 7 Feb 2005. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £44,500 | 7 Feb 2005 |
| £36,000 | 28 Apr 2004 |
| £18,000 | 20 Nov 2003 |
| £11,000 | 23 Feb 2001 |
| Terraced |
| Freehold |
| Floor Area: 52 sq meters or 564 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 2005 the House Price Index for NORTHUMBERLAND was 79.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 88.533%.Applying this 88.533% change to the original purchase price of £44,500 results in an estimated price of approximately £83,897.
| 7 Feb 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.4 | 149.7 | 88.533 % | £44,500 | £39,397 | £83,897 |
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 | 18.745 % | £8,341 | £52,841 |
| 3 Month Average | 21.790 % | £9,696 | £54,196 |
| 6 Month Average | 25.857 % | £11,506 | £56,006 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Jul 2024 | £64,000 | £64,000 | 12 KATHERINE STREET |
| 10 Nov 2023 | £58,998 | £57,500 | 11 PORTIA STREET |
| 6 Mar 2023 | £36,103 | £35,500 | 55 CASTLE TERRACE |
| 18 Jan 2023 | £53,142 | £53,000 | 31 CASTLE TERRACE |
| 1 Jun 2022 | £40,873 | £39,999 | 22 KATHERINE STREET |
This house has a floor area of 52 sq meters or 564 sq feet when measured on 10 Oct 2009. Using an estimated price of £83,897 means this house is valued at £1,598 per sq meter (£148 per sq foot).
The average size of a house on PORTIA STREET is 89 sq meters (958 sq feet).