£104,501
This estimated value is based upon the latest sale price for the house of £105,000 on 3 Mar 2023. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £105,000 | 3 Mar 2023 |
| £89,000 | 22 Jul 2016 |
| £65,000 | 27 Jun 2003 |
| Terraced |
| Freehold |
| 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 2023 the House Price Index for NORTHUMBERLAND was 147.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -0.475%.Applying this -0.475% change to the original purchase price of £105,000 results in an estimated price of approximately £104,501.
| 3 Mar 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.4 | 146.7 | -0.475 % | £105,000 | £-498 | £104,501 |
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 | 50.879 % | £53,422 | £158,422 |
| 3 Month Average | 5.937 % | £6,234 | £111,234 |
| 6 Month Average | 14.241 % | £14,953 | £119,953 |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 3 Jun 2016.
The average size of a house on LANCASTER TERRACE is 75 sq meters (815 sq feet).
This house is the smallest in the street with a floor area of 52 sq meters (559 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Anti-social behaviour | On or near Bennett'S Walk | |
| Dec 2023 | Anti-social behaviour | On or near Bennett'S Walk | |
| Dec 2023 | Anti-social behaviour | On or near Bennett'S Walk | |
| Dec 2023 | Anti-social behaviour | On or near Bennett'S Walk | |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Bennett'S Walk |