£70,645
This estimated value is based upon the latest sale price for the house of £40,000 on 24 Mar 2006. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £40,000 | 24 Mar 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 March 2006 the House Price Index for NORTHUMBERLAND was 84.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 76.613%.Applying this 76.613% change to the original purchase price of £40,000 results in an estimated price of approximately £70,645.
| 24 Mar 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.1 | 148.6 | 76.613 % | £40,000 | £30,645 | £70,645 |
The Postcode Pricing Model uses changes in average sales price within the NE24 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 | 206.487 % | £82,594 | £122,594 |
| 3 Month Average | 32.109 % | £12,843 | £52,843 |
| 6 Month Average | 27.199 % | £10,879 | £50,879 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £76,336 | £75,000 | 24 LYNN STREET |
| 14 Dec 2023 | £68,702 | £67,500 | 4 - 6 LYNN STREET |
| 20 Sep 2023 | £38,492 | £38,000 | 4A MARLOW STREET |
| 24 Mar 2023 | £59,561 | £59,000 | 17 LYNN STREET |
| 20 Mar 2023 | £60,571 | £60,000 | 14 REGENT COURT |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 25 Apr 2016. Using an estimated price of £70,645 means this house is valued at £1,358 per sq meter (£126 per sq foot).
The average size of a house on SIDNEY STREET is 91 sq meters (987 sq feet).