£58,424
This estimated value is based upon the latest sale price for the house of £46,000 on 25 Aug 2017. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £46,000 | 25 Aug 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 August 2017 the House Price Index for NORTHUMBERLAND was 117.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.009%.Applying this 27.009% change to the original purchase price of £46,000 results in an estimated price of approximately £58,424.
| 25 Aug 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 148.6 | 27.009 % | £46,000 | £12,424 | £58,424 |
The Postcode Pricing Model uses changes in average sales price within the NE49 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 | 65.782 % | £30,259 | £76,259 |
| 3 Month Average | 5.055 % | £2,325 | £48,325 |
| 6 Month Average | 14.906 % | £6,856 | £52,856 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Mar 2024 | £245,000 | £245,000 | CROFT GATE COTTAGE CASTLE HILL |
| 2 Nov 2023 | £218,231 | £215,000 | MUSGROVE CASTLE HILL |
| 4 Sep 2023 | £276,029 | £272,500 | 2 LYNTLEY DALE |
| 27 Mar 2023 | £46,438 | £46,000 | 5 SHEPHERD TERRACE |
| 15 Feb 2023 | £384,741 | £385,000 | ST WILFREDS HOUSE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 30 Sep 2016. Using an estimated price of £58,424 means this house is valued at £1,007 per sq meter (£93 per sq foot).
The average size of a house on SHEPHERD TERRACE is 91 sq meters (983 sq feet).
This house is the smallest in the street with a floor area of 58 sq meters (624 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Castle Hill |
| Feb 2024 | Anti-social behaviour | On or near Ashcroft Terrace | |
| Feb 2024 | Anti-social behaviour | On or near Ashcroft Terrace | |
| Feb 2024 | Anti-social behaviour | On or near Ashcroft Terrace | |
| Feb 2024 | Anti-social behaviour | On or near Ashcroft Terrace |