£107,414
This estimated value is based upon the latest sale price for the house of £86,950 on 25 Jan 2019. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £86,950 | 25 Jan 2019 |
| £103,000 | 7 Jul 2017 |
| £84,000 | 9 Oct 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 January 2019 the House Price Index for NORTHUMBERLAND was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.536%.Applying this 23.536% change to the original purchase price of £86,950 results in an estimated price of approximately £107,414.
| 25 Jan 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.536 % | £86,950 | £20,464 | £107,414 |
The Postcode Pricing Model uses changes in average sales price within the NE62 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 | -39.941 % | £-34,728 | £52,221 |
| 3 Month Average | -16.519 % | £-14,363 | £72,586 |
| 6 Month Average | 12.135 % | £10,551 | £97,501 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £78,450 | £77,500 | 24 RIVERSIDE AVENUE |
| 23 Feb 2023 | £84,943 | £85,000 | 58 RIVERSIDE AVENUE |
| 12 Jan 2023 | £82,113 | £82,500 | 51 RIVERSIDE AVENUE |
| 4 Nov 2022 | £137,336 | £139,000 | 30 MEADOWBANK DRIVE |
| 22 Jul 2022 | £150,405 | £150,000 | 5 GLADEWELL COURT |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 2 Jun 2015. Using an estimated price of £107,414 means this house is valued at £887 per sq meter (£82 per sq foot).
The average size of a house on RIVERSIDE AVENUE is 85 sq meters (922 sq feet).
This house is the largest in the street with a floor area of 121 sq meters (1,302 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Riverside Avenue |
| Dec 2023 | Anti-social behaviour | On or near Riverside Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Riverside Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Riverside Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Riverside Avenue |