£48,638
This estimated value is based upon the latest sale price for the house of £29,000 on 26 Apr 2013. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£29,000 | 26 Apr 2013 |
Terraced |
Freehold |
Floor Area: 78 sq meters or 839 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 April 2013 the House Price Index for NORTHUMBERLAND was 88.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 67.719%.Applying this 67.719% change to the original purchase price of £29,000 results in an estimated price of approximately £48,638.
26 Apr 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
88.6 | 148.6 | 67.719 % | £29,000 | £19,638 | £48,638 |
The Postcode Pricing Model uses changes in average sales price within the NE63 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 | -3.831 % | £-1,110 | £27,889 |
3 Month Average | -6.601 % | £-1,914 | £27,085 |
6 Month Average | 26.013 % | £7,543 | £36,543 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Dec 2023 | £47,837 | £47,000 | 227 MAPLE STREET |
8 Feb 2023 | £79,946 | £80,000 | 241 MAPLE STREET |
10 Jun 2022 | £57,817 | £57,000 | 201 SYCAMORE STREET |
13 May 2022 | £60,133 | £59,000 | 227 CHESTNUT STREET |
6 Dec 2021 | £37,498 | £35,000 | 235 MAPLE STREET |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 12 Feb 2013. Using an estimated price of £48,638 means this house is valued at £623 per sq meter (£57 per sq foot).
The average size of a house on MAPLE STREET is 82 sq meters (887 sq feet).