£521,107
This estimated value is based upon the latest sale price for the house of £467,500 on 29 Oct 2021. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £467,500 | 29 Oct 2021 |
| £345,000 | 16 Apr 2004 |
| Detached |
| Freehold |
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 2021 the House Price Index for NORTHUMBERLAND was 134.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 11.467%.Applying this 11.467% change to the original purchase price of £467,500 results in an estimated price of approximately £521,107.
| 29 Oct 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 149.7 | 11.467 % | £467,500 | £53,607 | £521,107 |
The Postcode Pricing Model uses changes in average sales price within the NE71 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 | 118.326 % | £553,174 | £1,020,674 |
| 3 Month Average | 106.487 % | £497,824 | £965,324 |
| 6 Month Average | 31.652 % | £147,971 | £615,471 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Jul 2024 | £345,000 | £345,000 | 6 RYECROFT PARK |
| 26 Apr 2024 | £393,416 | £390,000 | 13 MAGDALENE COURT |
| 1 Dec 2023 | £319,312 | £309,500 | 3 RYECROFT PARK |
| 20 Mar 2023 | £203,397 | £200,000 | 5 TURVELAWS FARM COTTAGES |
| 31 Aug 2022 | £467,185 | £465,000 | THE GRANARY WEETWOOD HILL FARM |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Under investigation | On or near Drovers Lane |