£468,448
This estimated value is based upon the latest sale price for the house of £460,000 on 17 Aug 2023. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £460,000 | 17 Aug 2023 |
| £425,000 | 18 Sep 2009 |
| £175,000 | 3 Jul 1997 |
| Detached |
| Freehold |
| Floor Area: 156 sq meters or 1,688 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 August 2023 the House Price Index for NORTHUMBERLAND was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £460,000 results in an estimated price of approximately £468,448.
| 17 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £460,000 | £8,448 | £468,448 |
The Postcode Pricing Model uses changes in average sales price within the NE46 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 | -6.518 % | £-29,982 | £430,017 |
| 3 Month Average | 4.673 % | £21,494 | £481,494 |
| 6 Month Average | 11.415 % | £52,509 | £512,509 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Mar 2024 | £885,606 | £872,000 | REDMIRES ELVASTON PARK ROAD |
| 6 Mar 2024 | £1,046,072 | £1,030,000 | WHITE GATES ELVASTON PARK ROAD |
| 25 Sep 2023 | £444,294 | £434,500 | 4 ST GEORGES ROAD |
| 17 Aug 2023 | £468,449 | £460,000 | HIGHCROFT ELVASTON ROAD |
| 20 Jun 2023 | £295,930 | £290,000 | 21 GIBSON FIELDS |
This house has a floor area of 156 sq meters or 1,688 sq feet when measured on 20 May 2009. Using an estimated price of £468,449 means this house is valued at £2,985 per sq meter (£277 per sq foot).
The average size of a house on ELVASTON ROAD is 183 sq meters (1,975 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Other theft | Offender given a caution | On or near St Nicholas Road |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near St Nicholas Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near St Nicholas Road |
| May 2024 | Anti-social behaviour | On or near Eastgate | |
| May 2024 | Anti-social behaviour | On or near Eastgate |