£280,534
This estimated value is based upon the latest sale price for the house of £230,000 on 27 Jan 2020. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £230,000 | 27 Jan 2020 |
| Semi-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 2020 the House Price Index for NORTHUMBERLAND was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £230,000 results in an estimated price of approximately £280,534.
| 27 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 148.6 | 21.971 % | £230,000 | £50,534 | £280,534 |
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 | 24.984 % | £57,462 | £287,462 |
| 3 Month Average | 31.372 % | £72,154 | £302,154 |
| 6 Month Average | 14.017 % | £32,239 | £262,239 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £466,913 | £460,000 | 28 GREEN CLOSE |
| 16 Nov 2023 | £86,277 | £85,000 | 14 BEECHLEA |
| 26 Apr 2023 | £596,422 | £590,000 | 39 GREEN CLOSE |
| 27 Jan 2023 | £263,758 | £265,000 | 88 BEECHLEA |
| 22 Nov 2022 | £276,649 | £280,000 | 2 HOWARD COTTAGES |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Elizabeth Square |
| Mar 2024 | Anti-social behaviour | On or near Briery Hill Lane | |
| Mar 2024 | Anti-social behaviour | On or near Briery Hill Lane | |
| Apr 2024 | Anti-social behaviour | On or near Beechlea | |
| Mar 2024 | Anti-social behaviour | On or near Beechlea |