£364,247
This estimated value is based upon the latest sale price for the house of £231,000 on 17 Jan 2014. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
There has been one burglary within the last year on or near Prospect Close
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| Price Paid | Date |
|---|---|
| £231,000 | 17 Jan 2014 |
| £220,000 | 8 Jul 2003 |
| £94,950 | 27 Feb 1998 |
| £85,000 | 21 Dec 1995 |
| Detached |
| Freehold |
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 January 2014 the House Price Index for NORTHUMBERLAND was 93.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 57.683%.Applying this 57.683% change to the original purchase price of £231,000 results in an estimated price of approximately £364,247.
| 17 Jan 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 146.7 | 57.683 % | £231,000 | £133,247 | £364,247 |
The Postcode Pricing Model uses changes in average sales price within the NE65 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 | 23.094 % | £53,346 | £284,346 |
| 3 Month Average | 52.430 % | £121,113 | £352,113 |
| 6 Month Average | 53.039 % | £122,520 | £353,520 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Prospect Close |
| Mar 2024 | Drugs | Under investigation | On or near Low Close |
| Jan 2024 | Other crime | Under investigation | On or near The Peth |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Riverside |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near The Peth |