£122,099
This estimated value is based upon the latest sale price for the house of £119,000 on 17 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 |
|---|---|
| £119,000 | 17 Nov 2023 |
| £97,500 | 5 Jun 2015 |
| £86,000 | 25 Aug 2011 |
| £71,000 | 5 Sep 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 74 sq meters or 799 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 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £119,000 results in an estimated price of approximately £122,099.
| 17 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £119,000 | £3,099 | £122,099 |
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 | -31.257 % | £-37,195 | £81,804 |
| 3 Month Average | 7.534 % | £8,965 | £127,965 |
| 6 Month Average | 0.149 % | £176 | £119,176 |
| 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 |
| 11 Aug 2023 | £132,388 | £130,000 | 13 CROMWELL TERRACE |
| 5 Apr 2023 | £148,273 | £145,500 | 146 QUEEN ALEXANDRA ROAD |
This house has a floor area of 74 sq meters or 799 sq feet when measured on 18 Mar 2010. Using an estimated price of £122,099 means this house is valued at £1,644 per sq meter (£152 per sq foot).
The average size of a house on BALMORAL GARDENS is 80 sq meters (866 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Under investigation | On or near Balmoral Gardens |
| Sep 2024 | Possession of weapons | Awaiting court outcome | On or near Balmoral Gardens |
| Sep 2024 | Violence and sexual offences | Awaiting court outcome | On or near Balmoral Gardens |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Balmoral Gardens |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Balmoral Gardens |