£89,979
This estimated value is based upon the latest sale price for the house of £84,950 on 25 Jun 2021. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £84,950 | 25 Jun 2021 |
| £76,000 | 31 May 2013 |
| £62,000 | 22 Dec 2003 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 850 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 2021 the House Price Index for NORTHUMBERLAND was 138.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 5.921%.Applying this 5.921% change to the original purchase price of £84,950 results in an estimated price of approximately £89,979.
| 25 Jun 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 146.7 | 5.921 % | £84,950 | £5,029 | £89,979 |
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 | -47.437 % | £-40,298 | £44,651 |
| 3 Month Average | -28.712 % | £-24,390 | £60,559 |
| 6 Month Average | -21.481 % | £-18,248 | £66,701 |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 8 Oct 2012.
The average size of a house on BROOMLEE is 78 sq meters (840 sq feet).