£336,573
This estimated value is based upon the latest sale price for the house of £265,000 on 3 Aug 2017. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £265,000 | 3 Aug 2017 |
| £135,000 | 15 Jan 2008 |
| Semi-Detached |
| Freehold |
| Floor Area: 114 sq meters or 1,227 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 August 2017 the House Price Index for NORTHUMBERLAND was 117.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.009%.Applying this 27.009% change to the original purchase price of £265,000 results in an estimated price of approximately £336,573.
| 3 Aug 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 148.6 | 27.009 % | £265,000 | £71,573 | £336,573 |
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 | 12.327 % | £32,667 | £297,667 |
| 3 Month Average | -11.050 % | £-29,282 | £235,717 |
| 6 Month Average | 2.575 % | £6,823 | £271,823 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £177,000 | £177,000 | 83 PARK LANE |
| 23 Nov 2023 | £304,508 | £300,000 | 36 MOOR ROAD |
| 31 Aug 2023 | £252,206 | £250,000 | 27 PARK LANE |
| 16 Aug 2023 | £249,684 | £247,500 | 1 DRAWBACK CLOSE |
| 21 Jul 2023 | £202,729 | £200,000 | 85 PARK LANE |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 10 Feb 2017. Using an estimated price of £336,574 means this house is valued at £2,952 per sq meter (£274 per sq foot).
The average size of a house on PARK LANE is 92 sq meters (996 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Orchard Close |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Orchard Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Orchard Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Orchard Close |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Orchard Close |