£992,454
This estimated value is based upon the latest sale price for the house of £925,000 on 15 Jun 2021. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £925,000 | 15 Jun 2021 |
| £625,000 | 5 Oct 2018 |
| Detached |
| Freehold |
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 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £925,000 results in an estimated price of approximately £992,454.
| 15 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.6 | 7.292 % | £925,000 | £67,454 | £992,454 |
The Postcode Pricing Model uses changes in average sales price within the NE61 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 | -18.399 % | £-170,193 | £754,806 |
| 3 Month Average | -4.812 % | £-44,510 | £880,489 |
| 6 Month Average | -6.923 % | £-64,037 | £860,962 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £344,528 | £338,500 | NORTH LODGE SOUTHGATE WOOD |
| 25 Aug 2023 | £403,530 | £400,000 | 4 CALDBURNE DRIVE |
| 4 Aug 2023 | £847,413 | £840,000 | 8 SOUTHGATE WOOD |
| 25 Apr 2023 | £783,435 | £775,000 | 15 SOUTHGATE WOOD |
| 27 Feb 2023 | £444,701 | £445,000 | 21 SOUTHGATE MEWS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Cuthbert Way | |
| Jan 2024 | Anti-social behaviour | On or near Cuthbert Way | |
| Jan 2024 | Anti-social behaviour | On or near Cuthbert Way | |
| Jan 2024 | Anti-social behaviour | On or near Cuthbert Way | |
| Apr 2024 | Anti-social behaviour | On or near Southgate Wood |