£75,224
This estimated value is based upon the latest sale price for the house of £74,763 on 23 May 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £74,763 | 23 May 2022 |
| £88,500 | 11 Apr 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 688 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 May 2022 the House Price Index for TYNE AND WEAR was 145.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 0.617%.Applying this 0.617% change to the original purchase price of £74,763 results in an estimated price of approximately £75,224.
| 23 May 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 146.7 | 0.617 % | £74,763 | £461 | £75,224 |
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 | -39.304 % | £-29,385 | £45,377 |
| 3 Month Average | 0.217 % | £162 | £74,925 |
| 6 Month Average | 5.366 % | £4,011 | £78,774 |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 7 Jul 2018.
The average size of a house on BALKWELL AVENUE is 71 sq meters (765 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 |
| Dec 2023 | Anti-social behaviour | On or near Fallodon Road | |
| Dec 2023 | Anti-social behaviour | On or near Fallodon Road | |
| Dec 2023 | Anti-social behaviour | On or near Fallodon Road |