£227,743
This estimated value is based upon the latest sale price for the house of £183,000 on 7 Jan 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £183,000 | 7 Jan 2019 |
| £57,000 | 7 Aug 1998 |
| Detached |
| Freehold |
| Floor Area: 58 sq meters or 624 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 January 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.450%.Applying this 24.450% change to the original purchase price of £183,000 results in an estimated price of approximately £227,743.
| 7 Jan 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.450 % | £183,000 | £44,743 | £227,743 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | -10.468 % | £-19,157 | £163,842 |
| 3 Month Average | 29.582 % | £54,135 | £237,135 |
| 6 Month Average | 22.700 % | £41,540 | £224,540 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £149,597 | £145,000 | 66 MONKS AVENUE |
| 7 Nov 2023 | £323,204 | £315,000 | 5 FAIR GREEN |
| 27 Jun 2023 | £275,521 | £270,000 | 49 FAIRFIELD DRIVE |
| 19 Jun 2023 | £313,278 | £307,000 | 34 FAIRFIELD DRIVE |
| 2 Jun 2023 | £191,334 | £187,500 | 21A MONKS AVENUE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 26 Apr 2018. Using an estimated price of £227,743 means this house is valued at £3,926 per sq meter (£364 per sq foot).
The average size of a house on MONKS ROAD is 92 sq meters (996 sq feet).
This house is the smallest in the street with a floor area of 58 sq meters (624 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Monks Road |
| May 2024 | Burglary | Investigation complete; no suspect identified | On or near Monks Avenue |
| Jun 2024 | Other crime | Under investigation | On or near Green Close |
| May 2024 | Violence and sexual offences | Under investigation | On or near Green Close |
| Jun 2024 | Anti-social behaviour | On or near Middle Green |