£118,521
This estimated value is based upon the latest sale price for the house of £117,000 on 1 Nov 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £117,000 | 1 Nov 2023 |
| £33,000 | 18 Dec 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 89 sq meters or 957 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 November 2023 the House Price Index for TYNE AND WEAR was 146.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.300%.Applying this 1.300% change to the original purchase price of £117,000 results in an estimated price of approximately £118,521.
| 1 Nov 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.1 | 148.0 | 1.300 % | £117,000 | £1,521 | £118,521 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 157.306 % | £184,047 | £301,047 |
| 3 Month Average | 15.885 % | £18,585 | £135,585 |
| 6 Month Average | 5.257 % | £6,151 | £123,151 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £122,314 | £120,000 | 130 OVINGTON GROVE |
| 1 Nov 2023 | £118,522 | £117,000 | 115 TWO BALL LONNEN |
| 30 Jun 2023 | £124,005 | £123,000 | 153 TWO BALL LONNEN |
| 6 Apr 2023 | £146,086 | £145,000 | 118 TWO BALL LONNEN |
| 10 Feb 2023 | £116,947 | £117,500 | 138 OVINGTON GROVE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 23 Mar 2015. Using an estimated price of £118,522 means this house is valued at £1,331 per sq meter (£123 per sq foot).
The average size of a house on TWO BALL LONNEN is 89 sq meters (958 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Dahlia Place |
| Mar 2024 | Public order | Under investigation | On or near Dahlia Place |
| Mar 2024 | Public order | Under investigation | On or near Dahlia Place |
| Feb 2024 | Anti-social behaviour | On or near Dahlia Place | |
| Feb 2024 | Anti-social behaviour | On or near Dahlia Place |