£79,753
This estimated value is based upon the latest sale price for the house of £55,000 on 24 Jul 2015. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £55,000 | 24 Jul 2015 |
| £41,185 | 6 Sep 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 38 sq meters or 409 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 July 2015 the House Price Index for NORTHUMBERLAND was 103.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 45.006%.Applying this 45.006% change to the original purchase price of £55,000 results in an estimated price of approximately £79,753.
| 24 Jul 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 149.7 | 45.006 % | £55,000 | £24,753 | £79,753 |
The Postcode Pricing Model uses changes in average sales price within the NE61 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 | 38.407 % | £21,123 | £76,123 |
| 3 Month Average | 65.626 % | £36,094 | £91,094 |
| 6 Month Average | 51.035 % | £28,069 | £83,069 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £80,233 | £79,000 | 129 SECOND AVENUE |
| 1 Nov 2023 | £105,683 | £103,000 | 32 SECOND AVENUE |
| 14 Mar 2023 | £361,029 | £355,000 | 20 KINGSWELL |
| 10 Oct 2022 | £104,650 | £105,000 | 5 SIXTH AVENUE |
| 1 Aug 2022 | £40,188 | £40,000 | 55 SECOND AVENUE |
This house has a floor area of 38 sq meters or 409 sq feet when measured on 23 Jul 2020. Using an estimated price of £79,753 means this house is valued at £2,098 per sq meter (£194 per sq foot).
The average size of a house on SECOND AVENUE is 80 sq meters (863 sq feet).
This house is the smallest in the street with a floor area of 38 sq meters (409 sq feet).