31, BALMORAL WAY, FELLING, GATESHEAD, NE10 9TR - £140,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

31 BALMORAL WAY is a small detached house of 82m², built sometime between 1991 and 1995. It was last sold for £140,000 in February 2016, which was around 36% below the average February 2016 detached price in the Gateshead local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was D.

31 BALMORAL WAY Sold Prices

Land registry data shows five sales for 31 BALMORAL WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the five 31 BALMORAL WAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2016 26 FEB	£140,000	£217,519	36% below HPI
2012 27 APR	£123,000	£196,658	37% below HPI
2011 25 NOV	£130,000	£199,407	35% below HPI
2001 2 NOV	£74,000	£99,016	25% below HPI
1995 6 APR	£53,500	£73,528	27% below HPI

31 BALMORAL WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gateshead local authority area over time, sourced from the HPI. The five 31 BALMORAL WAY sales between April 1995 and February 2016 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2012 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2016 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 31 BALMORAL WAY be worth now?

31 BALMORAL WAY might now be worth an estimated £184,156.

This is based on house price inflation of 31.5%, between February 2016 and December 2024, for detached houses, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.5% inflationary increase is applied to the most recent sale price for 31 BALMORAL WAY of £140,000 on 26th February 2016. For the value to have increased from £140,000 to £184,156 over the seven years and two months to December 2024, the following assumptions must hold true:

• The value of 31 BALMORAL WAY has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The February 2016 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 31 BALMORAL WAY has not materially changed since February 2016.

How Large is 31 BALMORAL WAY?

31 BALMORAL WAY is 82m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 30% of detached houses houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gateshead, and where 31 BALMORAL WAY lies on this distribution: 20% of detached houses houses are smaller than 31 BALMORAL WAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

31 BALMORAL WAY: Plot and Title Map

31 BALMORAL WAY sits on a plot of roughly 0.127 of an acre, or 513m². The below map shows the location of 31 BALMORAL WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 31 BALMORAL WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 31 BALMORAL WAY?

31 BALMORAL WAY is located in FELLING, in the NE10 postcode district. The below map shows the position of No. 31 on BALMORAL WAY.