£117,960
This estimated value is based upon the latest sale price for the house of £76,000 on 17 Dec 2007. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £76,000 | 17 Dec 2007 |
| £62,000 | 19 Apr 2007 |
| £52,500 | 14 Jul 2005 |
| £49,950 | 7 May 2004 |
| £14,000 | 12 Dec 2002 |
| Semi-Detached |
| 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 December 2007 the House Price Index for NORTHUMBERLAND was 95.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.211%.Applying this 55.211% change to the original purchase price of £76,000 results in an estimated price of approximately £117,960.
| 17 Dec 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.7 | 148.6 | 55.211 % | £76,000 | £41,960 | £117,960 |
The Postcode Pricing Model uses changes in average sales price within the NE22 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 | 5.576 % | £4,238 | £80,238 |
| 3 Month Average | -10.746 % | £-8,167 | £67,832 |
| 6 Month Average | 7.742 % | £5,884 | £81,884 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Aug 2023 | £80,706 | £80,000 | 13 NORTH VIEW |
| 30 Jan 2023 | £273,711 | £275,000 | 8 FIREFLY DRIVE |
| 17 Nov 2022 | £120,540 | £122,000 | 24 NORTH VIEW |
| 29 Jul 2022 | £260,702 | £260,000 | 7 FIREFLY DRIVE |
| 6 Apr 2022 | £45,311 | £44,000 | 41 WILSON AVENUE |