£340,086
This estimated value is based upon the latest sale price for the house of £275,000 on 12 Apr 2019. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £275,000 | 12 Apr 2019 |
| Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 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 April 2019 the House Price Index for NORTHUMBERLAND was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.668%.Applying this 23.668% change to the original purchase price of £275,000 results in an estimated price of approximately £340,086.
| 12 Apr 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.6 | 23.668 % | £275,000 | £65,086 | £340,086 |
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 | -62.871 % | £-172,895 | £102,104 |
| 3 Month Average | 10.451 % | £28,740 | £303,740 |
| 6 Month Average | 12.803 % | £35,208 | £310,208 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Apr 2023 | £353,810 | £350,000 | 1 BELVEDERE TERRACE |
| 31 Mar 2023 | £219,064 | £217,000 | 3 WEST PARADE |
| 31 Jan 2023 | £403,101 | £405,000 | 1 ALLERBURN LEA |
| 5 Sep 2022 | £61,999 | £62,500 | 39D BONDGATE WITHOUT |
| 1 Jun 2022 | £192,724 | £190,000 | 1 WEST PARADE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 19 Dec 2018. Using an estimated price of £340,087 means this house is valued at £4,416 per sq meter (£410 per sq foot).
The average size of a house on ALLERBURN LEA is 119 sq meters (1,288 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near B1340 |
| Feb 2024 | Other crime | Under investigation | On or near B1340 |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near B1340 |
| Mar 2024 | Anti-social behaviour | On or near Fisher Lane | |
| Mar 2024 | Anti-social behaviour | On or near Fisher Lane |