£46,732
This estimated value is based upon the latest sale price for the house of £39,999 on 23 Oct 2020. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £39,999 | 23 Oct 2020 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 850 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 October 2020 the House Price Index for NORTHUMBERLAND was 126.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 16.835%.Applying this 16.835% change to the original purchase price of £39,999 results in an estimated price of approximately £46,732.
| 23 Oct 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.0 | 16.835 % | £39,999 | £6,733 | £46,732 |
The Postcode Pricing Model uses changes in average sales price within the NE63 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 | 11.706 % | £4,682 | £44,681 |
| 3 Month Average | -10.405 % | £-4,161 | £35,837 |
| 6 Month Average | 9.821 % | £3,928 | £43,927 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2023 | £85,092 | £84,000 | 10 ACACIA TERRACE |
| 27 Jun 2023 | £37,302 | £37,000 | 8 ACACIA TERRACE |
| 21 Apr 2023 | £65,487 | £65,000 | 40 NORTH SEATON ROAD |
| 30 Jan 2023 | £62,451 | £63,000 | 36 NORTH SEATON ROAD |
| 14 Oct 2022 | £128,096 | £130,000 | 97 NORTH SEATON ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 26 Sep 2020. Using an estimated price of £46,733 means this house is valued at £591 per sq meter (£54 per sq foot).
The average size of a house on NORTH SEATON ROAD is 88 sq meters (948 sq feet).