£39,531
This estimated value is based upon the latest sale price for the house of £32,000 on 18 Jan 2019. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£32,000 | 18 Jan 2019 |
£58,500 | 17 Nov 2004 |
£47,500 | 28 Sep 2004 |
£25,500 | 31 Jan 2003 |
Terraced |
Leasehold |
Floor Area: 66 sq meters or 710 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 January 2019 the House Price Index for NORTHUMBERLAND was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.536%.Applying this 23.536% change to the original purchase price of £32,000 results in an estimated price of approximately £39,531.
18 Jan 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.6 | 23.536 % | £32,000 | £7,531 | £39,531 |
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 | 430.775 % | £137,847 | £169,847 |
3 Month Average | 12.065 % | £3,860 | £35,860 |
6 Month Average | 12.407 % | £3,970 | £35,970 |
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 66 sq meters or 710 sq feet when measured on 17 Nov 2014. Using an estimated price of £39,531 means this house is valued at £598 per sq meter (£55 per sq foot).
The average size of a house on SIDNEY STREET is 91 sq meters (987 sq feet).