£393,260
This estimated value is based upon the latest sale price for the house of £375,000 on 7 Feb 2022. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £375,000 | 7 Feb 2022 |
| £160,000 | 2 Feb 2009 |
| Terraced |
| Freehold |
| Floor Area: 126 sq meters or 1,356 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 February 2022 the House Price Index for NORTHUMBERLAND was 141.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 4.869%.Applying this 4.869% change to the original purchase price of £375,000 results in an estimated price of approximately £393,260.
| 7 Feb 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.6 | 4.869 % | £375,000 | £18,260 | £393,260 |
The Postcode Pricing Model uses changes in average sales price within the NE61 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 | 6.500 % | £24,376 | £399,376 |
| 3 Month Average | 32.880 % | £123,299 | £498,299 |
| 6 Month Average | 14.932 % | £55,993 | £430,993 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2023 | £355,546 | £351,000 | 18 COTTINGWOOD GARDENS |
| 24 Aug 2023 | £232,030 | £230,000 | 13 NEWMINSTER PLACE, 42A BULLERS GREEN |
| 19 Jun 2023 | £485,886 | £480,000 | WEST COTTINGWOOD COTTAGE COTTINGWOOD LANE |
| 27 Jan 2023 | £179,156 | £180,000 | 5 POTTERY BANK COURT |
| 15 Aug 2022 | £194,427 | £194,950 | 18 BULLERS GREEN |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 8 Oct 2021. Using an estimated price of £393,260 means this house is valued at £3,121 per sq meter (£289 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cottingvale |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Cottinglea |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cottingwood Lane |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cottingwood Lane |
| Mar 2024 | Public order | Under investigation | On or near Bullers Green |