£94,609
This estimated value is based upon the latest sale price for the house of £60,000 on 30 Jan 2014. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £60,000 | 30 Jan 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 80 sq meters or 861 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 2014 the House Price Index for NORTHUMBERLAND was 93.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 57.683%.Applying this 57.683% change to the original purchase price of £60,000 results in an estimated price of approximately £94,609.
| 30 Jan 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 146.7 | 57.683 % | £60,000 | £34,609 | £94,609 |
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 | 70.045 % | £42,026 | £102,026 |
| 3 Month Average | 22.616 % | £13,569 | £73,569 |
| 6 Month Average | 23.235 % | £13,940 | £73,940 |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 6 Mar 2015.
The average size of a house on FOURTH AVENUE is 85 sq meters (915 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Second Avenue | |
| Feb 2024 | Anti-social behaviour | On or near Second Avenue | |
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Second Avenue |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Second Avenue |
| Dec 2023 | Anti-social behaviour | On or near Second Avenue |