£308,058
This estimated value is based upon the latest sale price for the house of £250,000 on 18 May 2020. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £250,000 | 18 May 2020 |
| Freehold |
| Floor Area: 81 sq meters or 871 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 May 2020 the House Price Index for NORTHUMBERLAND was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £250,000 results in an estimated price of approximately £308,058.
| 18 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.224 % | £250,000 | £58,058 | £308,058 |
The Postcode Pricing Model uses changes in average sales price within the NE71 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 | 119.683 % | £299,208 | £549,208 |
| 3 Month Average | 201.573 % | £503,931 | £753,931 |
| 6 Month Average | 44.661 % | £111,651 | £361,651 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £438,473 | £425,000 | 2 CHURCH HILL |
| 17 Aug 2023 | £453,173 | £445,000 | 30 CHATTON MILL HILL |
| 31 Mar 2023 | £620,309 | £609,950 | BROOMHOUSE FARM |
| 1 Sep 2022 | £265,323 | £265,500 | PERCY COTTAGE MAIN ROAD |
| 20 May 2022 | £410,700 | £400,000 | JOINERS COTTAGE OLD ROAD |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 27 Mar 2015. Using an estimated price of £308,059 means this house is valued at £3,803 per sq meter (£353 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Mill Hill | |
| Jun 2024 | Anti-social behaviour | On or near Mill Hill | |
| Jun 2024 | Anti-social behaviour | On or near Church Hill Road | |
| Jun 2024 | Anti-social behaviour | On or near Church Hill Road | |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |