£395,881
This estimated value is based upon the latest sale price for the house of £250,000 on 7 Feb 2014. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £250,000 | 7 Feb 2014 |
| £162,000 | 7 Jul 2006 |
| Terraced |
| Freehold |
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 February 2014 the House Price Index for NORTHUMBERLAND was 93.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.353%.Applying this 58.353% change to the original purchase price of £250,000 results in an estimated price of approximately £395,881.
| 7 Feb 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 148.6 | 58.353 % | £250,000 | £145,881 | £395,881 |
The Postcode Pricing Model uses changes in average sales price within the NE42 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 | 5.057 % | £12,642 | £262,642 |
| 3 Month Average | -10.760 % | £-26,899 | £223,100 |
| 6 Month Average | 12.025 % | £30,063 | £280,063 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £203,742 | £201,000 | 1 GREEN RISING |
| 25 Apr 2023 | £242,612 | £240,000 | 1 DENE TERRACE |
| 8 Apr 2022 | £417,069 | £405,000 | 6 SPRINGFIELD |
| 27 Oct 2021 | £326,411 | £295,000 | EAST END COTTAGE |
| 22 Sep 2021 | £328,666 | £305,000 | IVY COTTAGE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Public order | Under investigation | On or near Springfield Close |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Springfield |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Springfield |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Springfield |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Springfield |