£5,002,347
This estimated value is based upon the latest sale price for the house of £833,000 on 17 Nov 2023. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
There has been one burglary within the last year on or near Cherry Tree Gardens
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| Price Paid | Date |
|---|---|
| £833,000 | 17 Nov 2023 |
| £680,000 | 8 Aug 2014 |
| £685,000 | 28 Sep 2007 |
| £350,000 | 25 Jun 2002 |
| 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 November 2023 the House Price Index for NORTHUMBERLAND was 24.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 500.522%.Applying this 500.522% change to the original purchase price of £833,000 results in an estimated price of approximately £5,002,347.
| 17 Nov 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 146.7 | 500.522 % | £833,000 | £4,169,347 | £5,002,347 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | -42.460 % | £-353,693 | £479,306 |
| 3 Month Average | -3.577 % | £-29,796 | £803,203 |
| 6 Month Average | 2.204 % | £18,356 | £851,356 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Cherry Tree Gardens |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Mill Way |
| Dec 2023 | Anti-social behaviour | On or near Mill Way | |
| Dec 2023 | Anti-social behaviour | On or near Mill Way | |
| Dec 2023 | Anti-social behaviour | On or near Mill Way |