£624,120
This estimated value is based upon the latest sale price for the house of £420,000 on 16 Jan 2015. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £420,000 | 16 Jan 2015 |
| Detached |
| Freehold |
| Floor Area: 180 sq meters or 1,937 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 January 2015 the House Price Index for NORTHUMBERLAND was 100.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 48.600%.Applying this 48.600% change to the original purchase price of £420,000 results in an estimated price of approximately £624,120.
| 16 Jan 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 148.6 | 48.600 % | £420,000 | £204,120 | £624,120 |
The Postcode Pricing Model uses changes in average sales price within the NE46 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 | -15.235 % | £-63,988 | £356,011 |
| 3 Month Average | 1.638 % | £6,878 | £426,878 |
| 6 Month Average | 25.562 % | £107,358 | £527,358 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £254,452 | £250,000 | HEXHAM TYRE & BATTERY CO LTD ALEMOUTH ROAD |
| 29 Sep 2023 | £582,447 | £575,000 | PRIORY LODGE PRIORY DRIVE |
| 14 Jul 2023 | £790,641 | £780,000 | FRIARS COURT PRIORY DRIVE |
| 21 Apr 2023 | £93,507 | £92,500 | 27 WORDSWORTH CLOSE |
| 4 Apr 2023 | £383,631 | £379,500 | THE GREEN THE GREEN |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Oakwood Bank |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Oakwood Bank |
| Apr 2024 | Drugs | Under investigation | On or near Oakwood Bank |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Oakwood Bank |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Oakwood Bank |