£66,296
This estimated value is based upon the latest sale price for the house of £42,000 on 1 Feb 2008. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£42,000 | 1 Feb 2008 |
£40,000 | 12 Oct 2007 |
£70,000 | 27 May 2005 |
Flats/Maisonettes |
Leasehold |
Floor Area: 56 sq meters or 602 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 2008 the House Price Index for NORTHUMBERLAND was 94.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 57.849%.Applying this 57.849% change to the original purchase price of £42,000 results in an estimated price of approximately £66,296.
1 Feb 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
94.8 | 149.7 | 57.849 % | £42,000 | £24,296 | £66,296 |
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 | -7.951 % | £-3,339 | £38,660 |
3 Month Average | -14.866 % | £-6,243 | £35,756 |
6 Month Average | -16.225 % | £-6,814 | £35,185 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Jun 2023 | £139,802 | £137,000 | 208 WOODHORN ROAD |
14 Apr 2023 | £45,858 | £45,000 | 79 CASTLE TERRACE |
22 Feb 2023 | £30,957 | £30,750 | 23 GEORGE STREET |
30 Aug 2022 | £55,258 | £55,000 | 76 CASTLE TERRACE |
26 Apr 2022 | £88,181 | £85,000 | 72 CASTLE TERRACE |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 25 Mar 2014. Using an estimated price of £66,297 means this house is valued at £1,183 per sq meter (£109 per sq foot).
The average size of a house on GEORGE STREET is 83 sq meters (897 sq feet).