£297,238
This estimated value is based upon the latest sale price for the house of £275,000 on 25 Jun 2021. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £275,000 | 25 Jun 2021 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 103 sq meters or 1,108 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 June 2021 the House Price Index for NORTHUMBERLAND was 138.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.087%.Applying this 8.087% change to the original purchase price of £275,000 results in an estimated price of approximately £297,238.
| 25 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 149.7 | 8.087 % | £275,000 | £22,238 | £297,238 |
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 | 39.191 % | £107,774 | £382,774 |
| 3 Month Average | 36.858 % | £101,358 | £376,358 |
| 6 Month Average | 17.172 % | £47,223 | £322,223 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Mar 2024 | £1,117,164 | £1,100,000 | WYLAM WOOD HOUSE WYLAM WOOD ROAD |
| 28 Apr 2023 | £468,768 | £460,000 | 18 STEPHENSON TERRACE |
| 17 Mar 2023 | £920,370 | £905,000 | SHADINGFIELD ELM BANK ROAD |
| 21 Oct 2022 | £408,635 | £410,000 | 7 STEPHENSON TERRACE |
| 12 Sep 2022 | £921,384 | £922,000 | DALRY ELM BANK ROAD |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 3 Apr 2019. Using an estimated price of £297,238 means this house is valued at £2,885 per sq meter (£268 per sq foot).
The average size of a house on STATION ROAD is 146 sq meters (1,575 sq feet).