£551,845
This estimated value is based upon the latest sale price for the house of £450,000 on 8 Oct 2019. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £450,000 | 8 Oct 2019 |
| Freehold |
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 2019 the House Price Index for NORTHUMBERLAND was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £450,000 results in an estimated price of approximately £551,845.
| 8 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £450,000 | £101,845 | £551,845 |
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 | 80.588 % | £362,646 | £812,646 |
| 3 Month Average | 23.267 % | £104,702 | £554,702 |
| 6 Month Average | 16.862 % | £75,880 | £525,880 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £370,485 | £365,000 | 3 SOUTH TERRACE |
| 8 Aug 2023 | £292,559 | £290,000 | 2 SCHOOL CLOSE |
| 9 Jun 2023 | £376,561 | £372,000 | UNIT 2 ROYAL SOVEREIGN HOUSE MANCHESTER STREET |
| 4 Apr 2023 | £119,284 | £118,000 | 84A NEWGATE STREET |
| 28 Nov 2022 | £884,289 | £895,000 | 3 KINGS AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Northumberland Gardens | |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Northumberland Gardens |
| Mar 2024 | Anti-social behaviour | On or near Northumberland Gardens | |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Northumberland Gardens |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Copper Chare |