£121,728
This estimated value is based upon the latest sale price for the house of £32,600 on 12 May 2000. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £32,600 | 12 May 2000 |
| Terraced |
| Freehold |
| Floor Area: 118 sq meters or 1,270 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 2000 the House Price Index for NORTHUMBERLAND was 39.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 273.400%.Applying this 273.400% change to the original purchase price of £32,600 results in an estimated price of approximately £121,728.
| 12 May 2000 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 39.3 | 146.7 | 273.400 % | £32,600 | £89,128 | £121,728 |
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 | 71.297 % | £23,242 | £55,842 |
| 3 Month Average | 135.736 % | £44,249 | £76,849 |
| 6 Month Average | 174.339 % | £56,834 | £89,434 |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 26 Mar 2015.
The average size of a house on WELBECK TERRACE is 129 sq meters (1,393 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Under investigation | On or near Farne Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Farne Avenue |
| Mar 2024 | Anti-social behaviour | On or near Farne Avenue | |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Farne Avenue |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Farne Avenue |