£123,451
This estimated value is based upon the latest sale price for the house of £31,000 on 12 Jan 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£31,000 | 12 Jan 2000 |
£33,750 | 5 Jul 1996 |
Flats/Maisonettes |
Leasehold |
Floor Area: 65 sq meters or 699 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 January 2000 the House Price Index for TYNE AND WEAR was 37.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 298.231%.Applying this 298.231% change to the original purchase price of £31,000 results in an estimated price of approximately £123,451.
12 Jan 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
37.3 | 148.6 | 298.231 % | £31,000 | £92,451 | £123,451 |
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 | 192.398 % | £59,643 | £90,643 |
3 Month Average | 222.231 % | £68,891 | £99,891 |
6 Month Average | 251.435 % | £77,944 | £108,944 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Dec 2023 | £249,363 | £245,000 | 108 QUEEN ALEXANDRA ROAD |
17 Nov 2023 | £120,788 | £119,000 | 27 BALMORAL GARDENS |
11 Aug 2023 | £131,147 | £130,000 | 13 CROMWELL TERRACE |
13 Jul 2023 | £278,752 | £275,000 | 106 QUEEN ALEXANDRA ROAD |
26 Jun 2023 | £310,764 | £307,000 | 3 CAMPVILLE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 23 Jun 2015. Using an estimated price of £123,452 means this house is valued at £1,899 per sq meter (£176 per sq foot).
The average size of a house on BALMORAL GARDENS is 80 sq meters (866 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Criminal damage and arson | Under investigation | On or near Balmoral Gardens |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Balmoral Gardens |
Jan 2024 | Anti-social behaviour | On or near Osborne Gardens | |
Jan 2024 | Anti-social behaviour | On or near Osborne Gardens | |
Jan 2024 | Anti-social behaviour | On or near Osborne Gardens |