£156,220
This estimated value is based upon the latest sale price for the house of £123,000 on 10 Aug 2017. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
There have been two burglaries within the last year on or near The Steads
More crime details
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Price Paid | Date |
---|---|
£123,000 | 10 Aug 2017 |
Terraced |
Freehold |
Floor Area: 47 sq meters or 505 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 £123,000 results in an estimated price of approximately £156,220.
10 Aug 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.0 | 148.6 | 27.009 % | £123,000 | £33,220 | £156,220 |
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 | 33.092 % | £40,703 | £163,703 |
3 Month Average | 9.731 % | £11,968 | £134,968 |
6 Month Average | 11.177 % | £13,747 | £136,747 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Mar 2024 | £308,000 | £308,000 | 30 MERLEY GATE |
25 Aug 2023 | £340,983 | £338,000 | 22 THE KYLINS |
14 Apr 2023 | £303,265 | £300,000 | 4 THE KYLINS |
31 Mar 2023 | £345,757 | £342,500 | 65 MERLEY GATE |
27 Jan 2023 | £164,226 | £165,000 | 14 MERLEY GATE |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 7 Jun 2017. Using an estimated price of £156,221 means this house is valued at £3,323 per sq meter (£308 per sq foot).
The average size of a house on MERLEY GATE is 86 sq meters (932 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Burglary | Awaiting court outcome | On or near The Steads |
Feb 2024 | Burglary | Awaiting court outcome | On or near The Steads |
Mar 2024 | Burglary | Under investigation | On or near Loansdean Wood |
Jan 2024 | Criminal damage and arson | Under investigation | On or near Loansdean Wood |
Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Loansdean Wood |