£374,763
This estimated value is based upon the latest sale price for the house of £365,000 on 30 May 2022. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £365,000 | 30 May 2022 |
| 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 May 2022 the House Price Index for NORTHUMBERLAND was 145.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.675%.Applying this 2.675% change to the original purchase price of £365,000 results in an estimated price of approximately £374,763.
| 30 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £365,000 | £9,763 | £374,763 |
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 | 220.558 % | £805,038 | £1,170,038 |
| 3 Month Average | 23.720 % | £86,579 | £451,579 |
| 6 Month Average | 24.236 % | £88,459 | £453,459 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £279,291 | £275,000 | WEST GRANGE COTTAGE |
| 17 Nov 2023 | £188,792 | £184,000 | 20 OAKFORD |
| 16 Aug 2023 | £173,122 | £170,000 | 1 HILLTOP |
| 30 May 2022 | £374,763 | £365,000 | THE CROFT |
| 20 Apr 2022 | £67,692 | £65,250 | HARTBANK |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Criminal damage and arson | Under investigation | On or near Park/Open Space |
| Jul 2024 | Anti-social behaviour | On or near Park/Open Space | |
| Jul 2024 | Anti-social behaviour | On or near Park/Open Space | |
| Jul 2024 | Anti-social behaviour | On or near Park/Open Space | |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |