£64,783
This estimated value is based upon the latest sale price for the house of £65,000 on 7 Oct 2022. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
There has been one burglary within the last year on or near Bolam Avenue
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| Price Paid | Date |
|---|---|
| £65,000 | 7 Oct 2022 |
| £102,100 | 13 Feb 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 59 sq meters or 635 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 2022 the House Price Index for NORTHUMBERLAND was 150.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of -0.333%.Applying this -0.333% change to the original purchase price of £65,000 results in an estimated price of approximately £64,783.
| 7 Oct 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.2 | 149.7 | -0.333 % | £65,000 | £-216 | £64,783 |
The Postcode Pricing Model uses changes in average sales price within the NE24 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 | 30.941 % | £20,111 | £85,111 |
| 3 Month Average | -4.554 % | £-2,960 | £62,039 |
| 6 Month Average | 3.742 % | £2,432 | £67,432 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 May 2024 | £140,000 | £140,000 | 60 BOLAM AVENUE |
| 15 Apr 2024 | £50,438 | £50,000 | 11A NEWSHAM ROAD |
| 30 Oct 2023 | £140,184 | £137,000 | 15 BOLAM AVENUE |
| 29 Aug 2023 | £57,029 | £56,000 | 1 CROMWELL COURT |
| 25 Aug 2023 | £132,388 | £130,000 | 35 BOLAM AVENUE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 19 Oct 2021. Using an estimated price of £64,784 means this house is valued at £1,098 per sq meter (£102 per sq foot).
The average size of a house on CROMWELL COURT is 65 sq meters (710 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Bolam Avenue |
| Aug 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Bolam Avenue |
| Aug 2024 | Other crime | Under investigation | On or near Bolam Avenue |
| Aug 2024 | Anti-social behaviour | On or near Bolam Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Bolam Avenue |