£1,158,178
This estimated value is based upon the latest sale price for the house of £220,000 on 6 Feb 1997. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £220,000 | 6 Feb 1997 |
| Flats/Maisonettes |
| Leasehold |
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 February 1997 the House Price Index for NORTHUMBERLAND was 28.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 426.445%.Applying this 426.445% change to the original purchase price of £220,000 results in an estimated price of approximately £1,158,178.
| 6 Feb 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.2 | 148.6 | 426.445 % | £220,000 | £938,178 | £1,158,178 |
The Postcode Pricing Model uses changes in average sales price within the NE41 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 | 673.890 % | £1,482,558 | £1,702,558 |
| 3 Month Average | 218.160 % | £479,952 | £699,952 |
| 6 Month Average | 289.347 % | £636,563 | £856,563 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £227,914 | £225,000 | 4 DENE TERRACE WEST |
| 28 Jul 2023 | £319,297 | £315,000 | VALLEY VIEW HAGG BANK |
| 7 Jul 2022 | £814,192 | £812,000 | STONE CUTTERS CHURCH ROAD |
| 14 Jun 2022 | £532,526 | £525,000 | 7 THE ORCHARD |
| 12 Jan 2022 | £531,466 | £505,000 | 12 THOMAS CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Thomas Close |