£98,360
This estimated value is based upon the latest sale price for the house of £58,000 on 21 Jun 2010. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
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Price Paid | Date |
---|---|
£58,000 | 21 Jun 2010 |
Terraced |
Freehold |
Floor Area: 78 sq meters or 839 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 June 2010 the House Price Index for NORTHUMBERLAND was 87.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.587%.Applying this 69.587% change to the original purchase price of £58,000 results in an estimated price of approximately £98,360.
21 Jun 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.6 | 148.6 | 69.587 % | £58,000 | £40,360 | £98,360 |
The Postcode Pricing Model uses changes in average sales price within the NE24 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 | 122.757 % | £71,198 | £129,198 |
3 Month Average | 1.894 % | £1,098 | £59,098 |
6 Month Average | 1.495 % | £867 | £58,867 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Mar 2023 | £116,094 | £115,000 | 56 NEWCASTLE ROAD |
23 Mar 2023 | £121,141 | £120,000 | 2 CRAMLINGTON COURT CRAMLINGTON TERRACE |
22 Mar 2023 | £105,575 | £104,580 | 10 LINKS VIEW |
21 Mar 2023 | £121,141 | £120,000 | 54 NEWCASTLE ROAD |
20 Jan 2023 | £124,414 | £125,000 | 8 CARRSIDE MEWS |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 30 Mar 2014. Using an estimated price of £98,360 means this house is valued at £1,261 per sq meter (£117 per sq foot).
The average size of a house on WILLOW CRESCENT is 93 sq meters (1,010 sq feet).