£63,979
This estimated value is based upon the latest sale price for the house of £31,750 on 24 May 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £31,750 | 24 May 2004 |
| £14,500 | 5 Nov 1999 |
| Terraced |
| Freehold |
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 May 2004 the House Price Index for TYNE AND WEAR was 73.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 101.510%.Applying this 101.510% change to the original purchase price of £31,750 results in an estimated price of approximately £63,979.
| 24 May 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 73.7 | 148.6 | 101.510 % | £31,750 | £32,229 | £63,979 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 5.881 % | £1,867 | £33,617 |
| 3 Month Average | 55.298 % | £17,557 | £49,307 |
| 6 Month Average | 53.088 % | £16,855 | £48,605 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £70,618 | £70,000 | 125 COLTSFOOT GARDENS |
| 26 Jul 2023 | £87,173 | £86,000 | 1 BEAMISH GARDENS |
| 20 Jul 2023 | £136,842 | £135,000 | 7 HAMSTERLEY CRESCENT |
| 21 Apr 2023 | £121,306 | £120,000 | 76 RUGBY GARDENS |
| 9 Sep 2022 | £79,359 | £80,000 | 44 GORSEHILL |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Balmlaw |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Balmlaw |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Balmlaw |
| Apr 2024 | Public order | Under investigation | On or near Balmlaw |
| Mar 2024 | Anti-social behaviour | On or near Balmlaw |