£282,816
This estimated value is based upon the latest sale price for the house of £57,500 on 24 Nov 1997. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £57,500 | 24 Nov 1997 |
| £57,500 | 24 Nov 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 November 1997 the House Price Index for NORTHUMBERLAND was 30.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 391.855%.Applying this 391.855% change to the original purchase price of £57,500 results in an estimated price of approximately £282,816.
| 24 Nov 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.2 | 148.6 | 391.855 % | £57,500 | £225,316 | £282,816 |
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 | 309.249 % | £177,817 | £235,317 |
| 3 Month Average | 161.958 % | £93,125 | £150,625 |
| 6 Month Average | 186.880 % | £107,456 | £164,956 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £126,619 | £125,000 | 29 BEAUMONT TERRACE |
| 3 Mar 2023 | £373,519 | £370,000 | 12 TENNYSON COURT |
| 11 Jul 2022 | £115,310 | £115,000 | 4 WOODBURN TERRACE |
| 24 Jun 2022 | £83,683 | £82,500 | 7 WOODBURN TERRACE |
| 16 Jun 2022 | £169,450 | £167,055 | 21 BEAUMONT TERRACE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 31 Oct 2013. Using an estimated price of £282,817 means this house is valued at £3,250 per sq meter (£302 per sq foot).
The average size of a house on OTTER BURN WAY is 110 sq meters (1,187 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Broom Wood Court |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Broom Wood Court |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near High Shaw |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Eltringham Road |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near West Road |