£118,563
This estimated value is based upon the latest sale price for the house of £120,000 on 25 Nov 2022. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £120,000 | 25 Nov 2022 |
| £85,000 | 27 Sep 2013 |
| £84,000 | 8 Mar 2013 |
| Terraced |
| Freehold |
| Floor Area: 150 sq meters or 1,619 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 November 2022 the House Price Index for NORTHUMBERLAND was 150.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -1.197%.Applying this -1.197% change to the original purchase price of £120,000 results in an estimated price of approximately £118,563.
| 25 Nov 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 148.6 | -1.197 % | £120,000 | £-1,436 | £118,563 |
The Postcode Pricing Model uses changes in average sales price within the NE22 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 | 49.321 % | £59,184 | £179,184 |
| 3 Month Average | 0.316 % | £379 | £120,379 |
| 6 Month Average | -5.626 % | £-6,750 | £113,249 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £90,000 | £90,000 | 27 BROOK COURT |
| 11 Dec 2023 | £114,503 | £112,500 | 1 WHITSUN GARDENS |
| 8 Sep 2023 | £67,868 | £67,000 | 5 HIRST TERRACE NORTH |
| 17 Jul 2023 | £141,910 | £140,000 | 15 BEECH GROVE |
| 19 Apr 2023 | £93,567 | £92,560 | 7 EDEN COURT |
This house has a floor area of 150 sq meters or 1,619 sq feet when measured on 13 Jan 2012. Using an estimated price of £118,564 means this house is valued at £788 per sq meter (£73 per sq foot).
The average size of a house on GLADSTONE TERRACE is 110 sq meters (1,185 sq feet).
This house is the largest in the street with a floor area of 150 sq meters (1,619 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Park Road |
| Apr 2024 | Other theft | Under investigation | On or near Park Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Park Road |
| Mar 2024 | Anti-social behaviour | On or near Park Road | |
| Mar 2024 | Public order | Under investigation | On or near Park Road |