£228,546
This estimated value is based upon the latest sale price for the house of £185,000 on 28 Mar 2019. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £185,000 | 28 Mar 2019 |
| Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 March 2019 the House Price Index for NORTHUMBERLAND was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.539%.Applying this 23.539% change to the original purchase price of £185,000 results in an estimated price of approximately £228,546.
| 28 Mar 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.539 % | £185,000 | £43,546 | £228,546 |
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 | -9.101 % | £-16,836 | £168,163 |
| 3 Month Average | 5.877 % | £10,872 | £195,872 |
| 6 Month Average | 15.165 % | £28,055 | £213,055 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £188,295 | £185,000 | THE ROYAL AIR FORCES ASSOCIATION, 15 LISBURN STREET |
| 8 Dec 2023 | £229,007 | £225,000 | 35 UPPER HOWICK STREET |
| 5 Dec 2023 | £258,523 | £254,000 | 3 HOWICK STREET |
| 25 Jan 2023 | £89,578 | £90,000 | 4 LISBURN STREET |
| 25 Jan 2023 | £86,488 | £86,895 | 4A LISBURN STREET |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 25 May 2012. Using an estimated price of £228,547 means this house is valued at £2,431 per sq meter (£225 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Lisburn Street | |
| Jan 2024 | Anti-social behaviour | On or near Lisburn Street | |
| Jan 2024 | Anti-social behaviour | On or near Lisburn Street | |
| Jan 2024 | Anti-social behaviour | On or near Lisburn Street | |
| Jan 2024 | Anti-social behaviour | On or near Lisburn Street |