£936,605
This estimated value is based upon the latest sale price for the house of £924,000 on 10 Jul 2023. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £924,000 | 10 Jul 2023 |
| £375,000 | 2 Feb 2017 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 584 sq meters or 6,286 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 July 2023 the House Price Index for NORTHUMBERLAND was 146.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.364%.Applying this 1.364% change to the original purchase price of £924,000 results in an estimated price of approximately £936,605.
| 10 Jul 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.6 | 148.6 | 1.364 % | £924,000 | £12,605 | £936,605 |
The Postcode Pricing Model uses changes in average sales price within the NE66 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 | 5.815 % | £53,731 | £977,731 |
| 3 Month Average | 0.873 % | £8,069 | £932,069 |
| 6 Month Average | -6.386 % | £-59,006 | £864,993 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £127,226 | £125,000 | 39 CORNHILL ESTATE |
| 7 Nov 2023 | £132,969 | £131,000 | 18 YORK CRESCENT |
| 10 Jul 2023 | £936,606 | £924,000 | RAVENSLAW HOUSE SOUTH ROAD |
| 12 Jun 2023 | £137,668 | £136,000 | 27 YORK CRESCENT |
| 14 Apr 2023 | £151,633 | £150,000 | 31 YORK CRESCENT |
This house has a floor area of 584 sq meters or 6,286 sq feet when measured on 3 Dec 2018. Using an estimated price of £936,606 means this house is valued at £1,603 per sq meter (£148 per sq foot).
The average size of a house on SOUTH ROAD is 186 sq meters (2,004 sq feet).
This house is the largest in the street with a floor area of 584 sq meters (6,286 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Ravenslaw Court | |
| Jan 2024 | Anti-social behaviour | On or near Ravenslaw Court | |
| Jan 2024 | Anti-social behaviour | On or near Ravenslaw Court | |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ravenslaw Gardens |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ravenslaw Gardens |