£174,552
This estimated value is based upon the latest sale price for the house of £110,000 on 30 Apr 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£110,000 | 30 Apr 2008 |
£75,000 | 7 Nov 2007 |
£36,250 | 25 Feb 1998 |
Terraced |
Freehold |
Floor Area: 82 sq meters or 882 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 April 2008 the House Price Index for TYNE AND WEAR was 93.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.684%.Applying this 58.684% change to the original purchase price of £110,000 results in an estimated price of approximately £174,552.
30 Apr 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.6 | 148.6 | 58.684 % | £110,000 | £64,552 | £174,552 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -45.942 % | £-50,536 | £59,463 |
3 Month Average | 7.598 % | £8,357 | £118,357 |
6 Month Average | 19.442 % | £21,385 | £131,385 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Sep 2023 | £108,892 | £107,500 | 8 ETHEL AVENUE |
14 Jul 2023 | £125,692 | £124,000 | 21 MONARCH TERRACE |
14 Jul 2023 | £141,910 | £140,000 | 19 PICKERING DRIVE |
22 Feb 2023 | £84,943 | £85,000 | 20 MONARCH TERRACE |
20 Feb 2023 | £114,923 | £115,000 | 36 BOWLAND CRESCENT |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 19 May 2016. Using an estimated price of £174,553 means this house is valued at £2,128 per sq meter (£197 per sq foot).
The average size of a house on MONARCH TERRACE is 91 sq meters (989 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Sports/Recreation Area |
Mar 2024 | Criminal damage and arson | Under investigation | On or near Sports/Recreation Area |
Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ruth Avenue |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Ruth Avenue |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Ruth Avenue |