£369,855
This estimated value is based upon the latest sale price for the house of £220,000 on 21 Sep 2012. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £220,000 | 21 Sep 2012 |
| £258,000 | 27 Apr 2007 |
| £112,500 | 4 Nov 1999 |
| Detached |
| Freehold |
| Floor Area: 132 sq meters or 1,429 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 September 2012 the House Price Index for NORTHUMBERLAND was 87.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 68.116%.Applying this 68.116% change to the original purchase price of £220,000 results in an estimated price of approximately £369,855.
| 21 Sep 2012 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 146.7 | 68.116 % | £220,000 | £149,855 | £369,855 |
The Postcode Pricing Model uses changes in average sales price within the NE22 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 | 0.057 % | £126 | £220,126 |
| 3 Month Average | 13.130 % | £28,886 | £248,886 |
| 6 Month Average | 30.800 % | £67,760 | £287,760 |
This house has a floor area of 132 sq meters or 1,429 sq feet when measured on 14 Jun 2011.
The average size of a house on HUMFORD WAY is 141 sq meters (1,524 sq feet).