£113,544
This estimated value is based upon the latest sale price for the house of £67,000 on 4 Aug 2006. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £67,000 | 4 Aug 2006 |
| £50,000 | 7 Oct 2005 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 August 2006 the House Price Index for NORTHUMBERLAND was 86.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 69.469%.Applying this 69.469% change to the original purchase price of £67,000 results in an estimated price of approximately £113,544.
| 4 Aug 2006 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 146.7 | 69.469 % | £67,000 | £46,544 | £113,544 |
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 | -30.170 % | £-20,214 | £46,785 |
| 3 Month Average | -1.046 % | £-700 | £66,299 |
| 6 Month Average | 10.556 % | £7,072 | £74,072 |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 3 Feb 2014.
The average size of a house on GEORGE STREET is 83 sq meters (897 sq feet).