£313,694
This estimated value is based upon the latest sale price for the house of £215,000 on 18 Feb 2015. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £215,000 | 18 Feb 2015 |
| £52,500 | 9 May 1997 |
| Terraced |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 February 2015 the House Price Index for NORTHUMBERLAND was 100.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 45.904%.Applying this 45.904% change to the original purchase price of £215,000 results in an estimated price of approximately £313,694.
| 18 Feb 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.5 | 146.7 | 45.904 % | £215,000 | £98,694 | £313,694 |
The Postcode Pricing Model uses changes in average sales price within the NE61 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 | 74.645 % | £160,487 | £375,487 |
| 3 Month Average | 9.351 % | £20,105 | £235,105 |
| 6 Month Average | 17.821 % | £38,315 | £253,315 |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 1 Oct 2014.
The average size of a house on SPELVIT LANE is 95 sq meters (1,032 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Spelvit Lane |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Fontburn Gardens |
| Mar 2024 | Vehicle crime | Under investigation | On or near Holly Avenue |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Postern Crescent |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Postern Crescent |