£272,933
This estimated value is based upon the latest sale price for the house of £187,000 on 1 May 2015. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £187,000 | 1 May 2015 |
| Detached |
| Leasehold |
| Floor Area: 98 sq meters or 1,054 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 May 2015 the House Price Index for NORTHUMBERLAND was 101.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.954%.Applying this 45.954% change to the original purchase price of £187,000 results in an estimated price of approximately £272,933.
| 1 May 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 148.6 | 45.954 % | £187,000 | £85,933 | £272,933 |
The Postcode Pricing Model uses changes in average sales price within the NE63 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 | -7.567 % | £-14,149 | £172,850 |
| 3 Month Average | 28.558 % | £53,404 | £240,404 |
| 6 Month Average | 15.490 % | £28,966 | £215,966 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £232,060 | £228,000 | 2 CHAFFINCH COURT |
| 20 Jan 2023 | £240,865 | £242,000 | 11 FALCON COURT |
| 20 Jan 2023 | £189,059 | £189,950 | 11 CHAFFINCH COURT |
| 4 Nov 2022 | £988 | £1,000 | 11 KESTREL DRIVE |
| 15 Jul 2022 | £300,760 | £299,950 | 5 CHAFFINCH COURT |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 4 Mar 2015. Using an estimated price of £272,934 means this house is valued at £2,785 per sq meter (£258 per sq foot).
The average size of a house on CHAFFINCH COURT is 95 sq meters (1,027 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near East Pastures |
| Mar 2024 | Public order | Under investigation | On or near Oatfield Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Oatfield Close |
| Feb 2024 | Other theft | Under investigation | On or near Oatfield Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Oatfield Close |