£195,402
This estimated value is based upon the latest sale price for the house of £180,000 on 28 Sep 2021. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £180,000 | 28 Sep 2021 |
| Freehold |
| Floor Area: 324 sq meters or 3,487 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 September 2021 the House Price Index for NORTHUMBERLAND was 137.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.557%.Applying this 8.557% change to the original purchase price of £180,000 results in an estimated price of approximately £195,402.
| 28 Sep 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 149.7 | 8.557 % | £180,000 | £15,402 | £195,402 |
The Postcode Pricing Model uses changes in average sales price within the NE41 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 | 75.770 % | £136,385 | £316,385 |
| 3 Month Average | 78.179 % | £140,721 | £320,721 |
| 6 Month Average | 41.468 % | £74,641 | £254,641 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Sep 2023 | £240,297 | £235,000 | 16 BELL ROAD |
| 29 Aug 2023 | £229,133 | £225,000 | 8 HEDLEY ROAD |
| 28 Apr 2023 | £468,768 | £460,000 | 18 STEPHENSON TERRACE |
| 21 Oct 2022 | £408,635 | £410,000 | 7 STEPHENSON TERRACE |
| 19 Aug 2022 | £351,644 | £350,000 | 27 FALCON TERRACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Parking Area | |
| Jun 2024 | Anti-social behaviour | On or near Parking Area | |
| May 2024 | Anti-social behaviour | On or near Parking Area | |
| May 2024 | Anti-social behaviour | On or near Parking Area | |
| May 2024 | Anti-social behaviour | On or near Parking Area |