£41,283
This estimated value is based upon the latest sale price for the house of £40,000 on 31 Mar 2022. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £40,000 | 31 Mar 2022 |
| 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 March 2022 the House Price Index for NORTHUMBERLAND was 143.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 3.208%.Applying this 3.208% change to the original purchase price of £40,000 results in an estimated price of approximately £41,283.
| 31 Mar 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 148.0 | 3.208 % | £40,000 | £1,283 | £41,283 |
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 | -19.959 % | £-7,983 | £32,016 |
| 3 Month Average | 24.577 % | £9,830 | £49,830 |
| 6 Month Average | 21.427 % | £8,570 | £48,570 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £240,814 | £240,000 | 10 CHARLTON GARDENS |
| 14 Dec 2023 | £122,314 | £120,000 | 41 GREEN LANE |
| 5 Jun 2023 | £63,865 | £63,347 | MORPETH BODY REPAIR CENTRE COOPIES LANE |
| 19 Apr 2022 | £215,385 | £210,000 | 2 BAKER WAY |
| 31 Mar 2022 | £41,283 | £40,000 | UNIT 21 COOPIES HAUGH COOPIES LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Coopies Way |
| Jan 2024 | Anti-social behaviour | On or near Coopies Way | |
| Jan 2024 | Anti-social behaviour | On or near Coopies Way | |
| Jan 2024 | Anti-social behaviour | On or near Coopies Way | |
| Jan 2024 | Anti-social behaviour | On or near Coopies Way |