£117,411
This estimated value is based upon the latest sale price for the house of £74,000 on 22 Jun 2007. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£74,000 | 22 Jun 2007 |
£20,950 | 30 Apr 2001 |
Terraced |
Freehold |
Floor Area: 75 sq meters or 811 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 2007 the House Price Index for NORTHUMBERLAND was 93.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.665%.Applying this 58.665% change to the original purchase price of £74,000 results in an estimated price of approximately £117,411.
22 Jun 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.7 | 148.6 | 58.665 % | £74,000 | £43,411 | £117,411 |
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 | -24.658 % | £-18,246 | £55,753 |
3 Month Average | -30.078 % | £-22,257 | £51,742 |
6 Month Average | -0.777 % | £-575 | £73,424 |
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 75 sq meters or 811 sq feet when measured on 27 Nov 2008. Using an estimated price of £117,412 means this house is valued at £1,557 per sq meter (£144 per sq foot).
The average size of a house on MAPLE STREET is 82 sq meters (887 sq feet).