£272,775
This estimated value is based upon the latest sale price for the house of £159,950 on 23 May 2012. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £159,950 | 23 May 2012 |
| £180,000 | 11 Sep 2006 |
| £65,500 | 11 Dec 1997 |
| Detached |
| Freehold |
| Floor Area: 83 sq meters or 895 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 2012 the House Price Index for NORTHUMBERLAND was 87.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.538%.Applying this 70.538% change to the original purchase price of £159,950 results in an estimated price of approximately £272,775.
| 23 May 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 148.6 | 70.538 % | £159,950 | £112,825 | £272,775 |
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 | -8.800 % | £-14,074 | £145,875 |
| 3 Month Average | -12.273 % | £-19,630 | £140,319 |
| 6 Month Average | 11.266 % | £18,020 | £177,970 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jun 2023 | £253,065 | £250,000 | 14 THE DEMESNE |
| 3 Feb 2023 | £46,469 | £46,500 | 18 MANLEY VIEW |
| 12 Aug 2022 | £174,530 | £175,000 | 24 HILLCREST |
| 27 Jul 2022 | £120,324 | £120,000 | 29 OAKVILLE |
| 21 Jul 2022 | £190,513 | £190,000 | 25 HILLCREST |
This house has a floor area of 83 sq meters or 895 sq feet when measured on 29 Feb 2012. Using an estimated price of £272,775 means this house is valued at £3,279 per sq meter (£304 per sq foot).
The average size of a house on THE DEMESNE is 139 sq meters (1,502 sq feet).
This house is the smallest in the street with a floor area of 83 sq meters (895 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near South Ridge |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near The Paddock |