£508,369
This estimated value is based upon the latest sale price for the house of £322,500 on 6 Jul 2007. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £322,500 | 6 Jul 2007 |
| £137,950 | 20 Apr 2001 |
| Detached |
| Leasehold |
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 July 2007 the House Price Index for NORTHUMBERLAND was 94.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 57.634%.Applying this 57.634% change to the original purchase price of £322,500 results in an estimated price of approximately £508,369.
| 6 Jul 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.3 | 148.6 | 57.634 % | £322,500 | £185,869 | £508,369 |
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 | -14.630 % | £-47,180 | £275,319 |
| 3 Month Average | -19.504 % | £-62,901 | £259,598 |
| 6 Month Average | -0.713 % | £-2,299 | £320,200 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £227,759 | £225,000 | 8 GREENWELL DRIVE |
| 30 Mar 2023 | £353,329 | £350,000 | 7 HEATHER LEA LANE |
| 8 Mar 2023 | £328,091 | £325,000 | 11 GREENWELL DRIVE |
| 21 Oct 2022 | £220,625 | £223,000 | 23 PERCY LONNEN |
| 13 Sep 2022 | £257,917 | £260,000 | 1 HEATHER LEA LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Carnaby Close |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Carnaby Close |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Farmwell Place |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Farmwell Place |
| Feb 2024 | Anti-social behaviour | On or near The Waggonway |