£242,391
This estimated value is based upon the latest sale price for the house of £189,950 on 23 Jun 2017. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£189,950 | 23 Jun 2017 |
Semi-Detached |
Freehold |
Floor Area: 103 sq meters or 1,108 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 June 2017 the House Price Index for NORTHUMBERLAND was 116.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 27.608%.Applying this 27.608% change to the original purchase price of £189,950 results in an estimated price of approximately £242,391.
23 Jun 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
116.0 | 148.0 | 27.608 % | £189,950 | £52,441 | £242,391 |
The Postcode Pricing Model uses changes in average sales price within the NE64 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 | 101.348 % | £192,510 | £382,460 |
3 Month Average | 58.467 % | £111,057 | £301,007 |
6 Month Average | 29.238 % | £55,538 | £245,488 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Apr 2024 | £109,500 | £109,500 | 58 MELDON TERRACE |
12 Apr 2024 | £95,000 | £95,000 | 2 MARINE COTTAGES |
20 Dec 2023 | £249,725 | £245,000 | 64 GIBSON STREET |
2 Nov 2023 | £109,405 | £108,000 | 32 MELDON TERRACE |
30 Aug 2022 | £379,436 | £382,000 | WESTCLIFFE HOUSE WINDSOR TERRACE |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 9 Jun 2017. Using an estimated price of £242,392 means this house is valued at £2,353 per sq meter (£218 per sq foot).
The average size of a house on GIBSON STREET is 128 sq meters (1,382 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Anti-social behaviour | On or near Promenade View | |
Jan 2024 | Anti-social behaviour | On or near Promenade View | |
Jan 2024 | Anti-social behaviour | On or near Promenade View | |
Jan 2024 | Anti-social behaviour | On or near Promenade View | |
Jan 2024 | Anti-social behaviour | On or near Promenade View |