£144,760
This estimated value is based upon the latest sale price for the house of £125,000 on 7 Oct 2020. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £125,000 | 7 Oct 2020 |
| £52,000 | 29 Mar 1996 |
| Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 October 2020 the House Price Index for NORTHUMBERLAND was 126.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 15.808%.Applying this 15.808% change to the original purchase price of £125,000 results in an estimated price of approximately £144,760.
| 7 Oct 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 146.7 | 15.808 % | £125,000 | £19,760 | £144,760 |
The Postcode Pricing Model uses changes in average sales price within the NE22 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 | -5.537 % | £-6,921 | £118,078 |
| 3 Month Average | 4.041 % | £5,051 | £130,051 |
| 6 Month Average | 20.960 % | £26,199 | £151,199 |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 6 Jul 2020.
The average size of a house on HOTSPUR AVENUE is 112 sq meters (1,208 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hotspur Avenue |
| Feb 2024 | Other crime | Investigation complete; no suspect identified | On or near Church Close |
| Feb 2024 | Anti-social behaviour | On or near Millfield North | |
| Feb 2024 | Anti-social behaviour | On or near Millfield North | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Millfield North |