£449,153
This estimated value is based upon the latest sale price for the house of £240,000 on 18 Feb 2005. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £240,000 | 18 Feb 2005 |
| £117,500 | 19 Oct 2001 |
| £83,000 | 26 Jun 1997 |
| Detached |
| Freehold |
| Floor Area: 140 sq meters or 1,506 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 February 2005 the House Price Index for NORTHUMBERLAND was 79.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 87.147%.Applying this 87.147% change to the original purchase price of £240,000 results in an estimated price of approximately £449,153.
| 18 Feb 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.4 | 148.6 | 87.147 % | £240,000 | £209,153 | £449,153 |
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 | -25.932 % | £-62,237 | £177,762 |
| 3 Month Average | 2.909 % | £6,981 | £246,981 |
| 6 Month Average | 26.687 % | £64,048 | £304,048 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jun 2023 | £253,065 | £250,000 | 14 THE DEMESNE |
| 3 Feb 2023 | £46,469 | £46,500 | 18 MANLEY VIEW |
| 12 Aug 2022 | £174,530 | £175,000 | 24 HILLCREST |
| 27 Jul 2022 | £120,324 | £120,000 | 29 OAKVILLE |
| 21 Jul 2022 | £190,513 | £190,000 | 25 HILLCREST |
This house has a floor area of 140 sq meters or 1,506 sq feet when measured on 27 Jul 2015. Using an estimated price of £449,154 means this house is valued at £3,208 per sq meter (£298 per sq foot).
The average size of a house on SOUTH RIDGE is 128 sq meters (1,381 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near South Ridge |
| Mar 2024 | Anti-social behaviour | On or near A189 | |
| Dec 2023 | Anti-social behaviour | On or near A189 | |
| Dec 2023 | Anti-social behaviour | On or near A189 | |
| Dec 2023 | Anti-social behaviour | On or near A189 |