£246,213
This estimated value is based upon the latest sale price for the house of £41,000 on 27 Nov 2023. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £41,000 | 27 Nov 2023 |
| £75,000 | 26 May 2006 |
| £23,000 | 19 Jul 2002 |
| £26,500 | 10 Dec 1999 |
| Terraced |
| Leasehold |
| Floor Area: 64 sq meters or 688 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 November 2023 the House Price Index for NORTHUMBERLAND was 24.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 500.522%.Applying this 500.522% change to the original purchase price of £41,000 results in an estimated price of approximately £246,213.
| 27 Nov 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 146.7 | 500.522 % | £41,000 | £205,213 | £246,213 |
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 | -53.285 % | £-21,846 | £19,153 |
| 3 Month Average | -8.878 % | £-3,640 | £37,359 |
| 6 Month Average | -11.391 % | £-4,670 | £36,329 |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 19 Mar 2020.
The average size of a house on RIDGE TERRACE is 91 sq meters (989 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near B1331 |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near B1331 |
| Jan 2024 | Public order | Under investigation | On or near B1331 |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near B1331 |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near B1331 |