£304,898
This estimated value is based upon the latest sale price for the house of £250,000 on 29 Mar 2019. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £250,000 | 29 Mar 2019 |
| 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 March 2019 the House Price Index for NORTHUMBERLAND was 120.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.959%.Applying this 21.959% change to the original purchase price of £250,000 results in an estimated price of approximately £304,898.
| 29 Mar 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 146.7 | 21.959 % | £250,000 | £54,898 | £304,898 |
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 | 62.885 % | £157,213 | £407,213 |
| 3 Month Average | 33.783 % | £84,457 | £334,457 |
| 6 Month Average | 17.966 % | £44,914 | £294,914 |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 21 May 2018.
The average size of a house on SUMMERSON WAY is 159 sq meters (1,711 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 |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Knox Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Melrose Avenue |
| Dec 2023 | Possession of weapons | Awaiting court outcome | On or near Melrose Avenue |
| Dec 2023 | Possession of weapons | Awaiting court outcome | On or near Melrose Avenue |
| Jan 2024 | Public order | Under investigation | On or near Mansion Court |