£341,623
This estimated value is based upon the latest sale price for the house of £310,000 on 6 Oct 2021. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £310,000 | 6 Oct 2021 |
| Detached |
| Freehold |
| Floor Area: 174 sq meters or 1,872 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 October 2021 the House Price Index for NORTHUMBERLAND was 134.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 10.201%.Applying this 10.201% change to the original purchase price of £310,000 results in an estimated price of approximately £341,623.
| 6 Oct 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 148.0 | 10.201 % | £310,000 | £31,623 | £341,623 |
The Postcode Pricing Model uses changes in average sales price within the NE61 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 | 75.055 % | £232,669 | £542,669 |
| 3 Month Average | 29.995 % | £92,984 | £402,984 |
| 6 Month Average | 5.971 % | £18,511 | £328,511 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £125,936 | £125,000 | 32 CHARLES STREET |
| 20 Feb 2023 | £107,931 | £108,441 | 18 CHARLES STREET |
| 3 Feb 2023 | £87,586 | £88,000 | 57 WHITEFIELD CRESCENT |
| 27 Jan 2023 | £89,216 | £90,000 | 16 EDWARD STREET |
| 12 Sep 2022 | £375,434 | £380,000 | EAST FARM PEGSWOOD VILLAGE |
This house has a floor area of 174 sq meters or 1,872 sq feet when measured on 15 Nov 2021. Using an estimated price of £341,623 means this house is valued at £1,963 per sq meter (£182 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Pegswood Precinct |
| Apr 2024 | Anti-social behaviour | On or near Pegswood Precinct | |
| Apr 2024 | Anti-social behaviour | On or near Pegswood Precinct | |
| Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Pegswood Precinct |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Pegswood Precinct |