£179,335
This estimated value is based upon the latest sale price for the house of £160,750 on 4 Aug 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £160,750 | 4 Aug 2021 |
| Terraced |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 August 2021 the House Price Index for TYNE AND WEAR was 133.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 11.562%.Applying this 11.562% change to the original purchase price of £160,750 results in an estimated price of approximately £179,335.
| 4 Aug 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 148.6 | 11.562 % | £160,750 | £18,585 | £179,335 |
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 | 23.901 % | £38,421 | £199,171 |
| 3 Month Average | -8.429 % | £-13,550 | £147,199 |
| 6 Month Average | 0.336 % | £540 | £161,290 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £89,342 | £88,500 | 86 BALKWELL AVENUE |
| 8 Nov 2022 | £153,145 | £155,000 | 55 BALKWELL AVENUE |
| 23 May 2022 | £76,199 | £74,763 | 150 BALKWELL AVENUE |
| 4 Mar 2022 | £108,808 | £105,000 | 69 BALKWELL AVENUE |
| 24 Jan 2022 | £92,086 | £87,500 | 80 BALKWELL AVENUE |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 17 Oct 2017. Using an estimated price of £179,335 means this house is valued at £1,887 per sq meter (£175 per sq foot).
The average size of a house on FALLODON ROAD is 142 sq meters (1,528 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fallodon Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Fallodon Road |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Tosson Place |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Biddlestone Crescent |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Biddlestone Crescent |