£410,347
This estimated value is based upon the latest sale price for the house of £238,000 on 21 Dec 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £238,000 | 21 Dec 2010 |
| £218,000 | 8 Jun 2007 |
| Terraced |
| Freehold |
| Floor Area: 144 sq meters or 1,554 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in December 2010 the House Price Index for TYNE AND WEAR was 86.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.415%.Applying this 72.415% change to the original purchase price of £238,000 results in an estimated price of approximately £410,347.
| 21 Dec 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.8 | 149.7 | 72.415 % | £238,000 | £172,347 | £410,347 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -7.151 % | £-17,019 | £220,980 |
| 3 Month Average | 30.952 % | £73,665 | £311,665 |
| 6 Month Average | 37.369 % | £88,938 | £326,938 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £157,500 | £157,500 | 119 QUEEN ALEXANDRA ROAD |
| 14 Dec 2023 | £252,767 | £245,000 | 108 QUEEN ALEXANDRA ROAD |
| 17 Nov 2023 | £122,099 | £119,000 | 27 BALMORAL GARDENS |
| 5 Apr 2023 | £148,273 | £145,500 | 146 QUEEN ALEXANDRA ROAD |
| 23 Mar 2023 | £305,044 | £299,950 | 2 OSBORNE GARDENS |
This house has a floor area of 144 sq meters or 1,554 sq feet when measured on 6 Sep 2010. Using an estimated price of £410,348 means this house is valued at £2,840 per sq meter (£263 per sq foot).
The average size of a house on OTTERBURN ROAD is 130 sq meters (1,408 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Balmoral Gardens |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Balmoral Gardens |
| May 2024 | Anti-social behaviour | On or near Sandringham Gardens | |
| May 2024 | Anti-social behaviour | On or near Sandringham Gardens | |
| May 2024 | Anti-social behaviour | On or near Sandringham Gardens |