£194,483
This estimated value is based upon the latest sale price for the house of £145,000 on 1 Aug 2016. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£145,000 | 1 Aug 2016 |
Terraced |
Freehold |
Floor Area: 95 sq meters or 1,022 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 2016 the House Price Index for NORTHUMBERLAND was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.126%.Applying this 34.126% change to the original purchase price of £145,000 results in an estimated price of approximately £194,483.
1 Aug 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.6 | 149.7 | 34.126 % | £145,000 | £49,483 | £194,483 |
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 | 4.179 % | £6,059 | £151,059 |
3 Month Average | 12.648 % | £18,339 | £163,339 |
6 Month Average | 16.179 % | £23,460 | £168,460 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
23 Jun 2023 | £204,090 | £200,000 | 5 HOLLON STREET |
15 Aug 2022 | £195,866 | £194,950 | 18 BULLERS GREEN |
24 Jun 2022 | £194,150 | £190,000 | 7 MITFORD ROAD |
21 Mar 2022 | £187,908 | £180,000 | FLAT 1 NEWMINSTER ABBEY HOUSE |
4 Mar 2022 | £375,816 | £360,000 | 2 DENE VIEW COURT POTTERY BANK |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 9 Jul 2020. Using an estimated price of £194,483 means this house is valued at £2,047 per sq meter (£190 per sq foot).
The average size of a house on MITFORD ROAD is 117 sq meters (1,261 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Under investigation | On or near Mitford Road |
Apr 2024 | Public order | Under investigation | On or near Mitford Road |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Saint Mark'S Street |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Saint Mark'S Street |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Dogger Bank |