£55,592
This estimated value is based upon the latest sale price for the house of £45,000 on 26 Mar 2019. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £45,000 | 26 Mar 2019 |
| £56,000 | 27 Sep 2011 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 626 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 March 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 23.539%.Applying this 23.539% change to the original purchase price of £45,000 results in an estimated price of approximately £55,592.
| 26 Mar 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.539 % | £45,000 | £10,592 | £55,592 |
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 | 80.660 % | £36,297 | £81,297 |
| 3 Month Average | 31.939 % | £14,372 | £59,372 |
| 6 Month Average | 16.269 % | £7,321 | £52,321 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £229,007 | £225,000 | 11 GREEN ACRES |
| 3 Nov 2023 | £152,254 | £150,000 | 39 SPELVIT LANE |
| 14 Apr 2023 | £217,340 | £215,000 | 12 MAYFIELD |
| 28 Mar 2023 | £208,969 | £207,000 | 47 SPELVIT LANE |
| 24 Mar 2023 | £282,663 | £280,000 | 11 SPRINGHILL WALK |
This house has a floor area of 58 sq meters or 626 sq feet when measured on 11 Jan 2011. Using an estimated price of £55,592 means this house is valued at £955 per sq meter (£88 per sq foot).
The average size of a house on SPRINGHILL WALK is 88 sq meters (954 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Castle Meadows |
| Apr 2024 | Other crime | Under investigation | On or near Castle Meadows |
| Feb 2024 | Public order | Under investigation | On or near Castle Meadows |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Castle Meadows |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Springhill Walk |