£138,401
This estimated value is based upon the latest sale price for the house of £100,000 on 18 Dec 2015. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £100,000 | 18 Dec 2015 |
| Terraced |
| Freehold |
| Floor Area: 60 sq meters or 645 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 December 2015 the House Price Index for NORTHUMBERLAND was 107.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 38.401%.Applying this 38.401% change to the original purchase price of £100,000 results in an estimated price of approximately £138,401.
| 18 Dec 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 148.6 | 38.401 % | £100,000 | £38,401 | £138,401 |
The Postcode Pricing Model uses changes in average sales price within the NE49 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 | 124.828 % | £124,828 | £224,828 |
| 3 Month Average | 17.212 % | £17,211 | £117,211 |
| 6 Month Average | 26.261 % | £26,260 | £126,260 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Jun 2023 | £192,330 | £190,000 | SPRINGWELL HOUSE PARK ROAD |
| 12 Jun 2023 | £96,165 | £95,000 | 4 FELL VIEW |
| 17 Oct 2022 | £123,668 | £125,000 | 12 CENTRAL DRIVE |
| 16 Sep 2022 | £98,207 | £99,000 | 4 CENTRAL DRIVE |
| 25 May 2022 | £117,209 | £115,000 | 9 GREENCROFT AVENUE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 2 Apr 2015. Using an estimated price of £138,401 means this house is valued at £2,306 per sq meter (£214 per sq foot).
The average size of a house on PARK ROAD is 98 sq meters (1,055 sq feet).
This house is the smallest in the street with a floor area of 60 sq meters (645 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Central Drive |
| Mar 2024 | Drugs | Offender given a caution | On or near Millfield Terrace |
| Mar 2024 | Possession of weapons | Under investigation | On or near Millfield Terrace |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Millfield Terrace |
| Dec 2023 | Other crime | Under investigation | On or near Millfield Terrace |