£102,855
This estimated value is based upon the latest sale price for the house of £37,500 on 27 Aug 2002. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £37,500 | 27 Aug 2002 |
| Terraced |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 2002 the House Price Index for NORTHUMBERLAND was 54.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 174.280%.Applying this 174.280% change to the original purchase price of £37,500 results in an estimated price of approximately £102,855.
| 27 Aug 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 54.2 | 148.6 | 174.280 % | £37,500 | £65,355 | £102,855 |
The Postcode Pricing Model uses changes in average sales price within the NE42 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 | 88.875 % | £33,327 | £70,827 |
| 3 Month Average | 55.984 % | £20,993 | £58,493 |
| 6 Month Average | 100.784 % | £37,794 | £75,294 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £142,493 | £140,000 | 25 KEPWELL ROAD |
| 4 Jul 2023 | £304,093 | £300,000 | 33 WEST ROAD |
| 2 Feb 2023 | £199,866 | £200,000 | 3 WESTERN AVENUE |
| 28 Oct 2022 | £98,935 | £100,000 | 36 WEST ROAD |
| 13 Sep 2022 | £163,678 | £165,000 | 2 KEPWELL ROAD |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 6 Oct 2021. Using an estimated price of £102,855 means this house is valued at £1,060 per sq meter (£98 per sq foot).
The average size of a house on WEST ROAD is 90 sq meters (973 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Kepwell Road | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Kepwell Road |
| Mar 2024 | Anti-social behaviour | On or near Locomotive Court | |
| Mar 2024 | Anti-social behaviour | On or near Locomotive Court | |
| Dec 2023 | Anti-social behaviour | On or near Locomotive Court |