£243,226
This estimated value is based upon the latest sale price for the house of £186,000 on 28 Oct 2016. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £186,000 | 28 Oct 2016 |
| £160,000 | 12 Mar 2015 |
| £78,000 | 1 Apr 1999 |
| Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 2016 the House Price Index for NORTHUMBERLAND was 112.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 30.767%.Applying this 30.767% change to the original purchase price of £186,000 results in an estimated price of approximately £243,226.
| 28 Oct 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 146.7 | 30.767 % | £186,000 | £57,226 | £243,226 |
The Postcode Pricing Model uses changes in average sales price within the NE24 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 | 66.255 % | £123,234 | £309,234 |
| 3 Month Average | 1.500 % | £2,789 | £188,789 |
| 6 Month Average | 12.251 % | £22,786 | £208,786 |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 9 Dec 2014.
The average size of a house on FAIRFIELD AVENUE is 102 sq meters (1,100 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Farnham Grove |
| Feb 2024 | Public order | Under investigation | On or near Barras Avenue West |
| Feb 2024 | Other theft | Under investigation | On or near Barras Avenue West |
| Jan 2024 | Public order | Under investigation | On or near Barras Avenue West |
| Jan 2024 | Public order | Under investigation | On or near Grange Close |