£512,486
This estimated value is based upon the latest sale price for the house of £230,000 on 18 Nov 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Monks Avenue
More crime details
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| Price Paid | Date |
|---|---|
| £230,000 | 18 Nov 2003 |
| Semi-Detached |
| Freehold |
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 2003 the House Price Index for TYNE AND WEAR was 67.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 122.820%.Applying this 122.820% change to the original purchase price of £230,000 results in an estimated price of approximately £512,486.
| 18 Nov 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 67.2 | 149.7 | 122.820 % | £230,000 | £282,486 | £512,486 |
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 | -8.468 % | £-19,477 | £210,522 |
| 3 Month Average | 100.546 % | £231,254 | £461,254 |
| 6 Month Average | 102.976 % | £236,845 | £466,845 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Jun 2024 | £278,000 | £278,000 | 21 GRANGE PARK |
| 22 Mar 2024 | £162,497 | £160,000 | 4 FRIARS RISE |
| 24 Nov 2023 | £213,417 | £208,000 | 12 CAULDWELL AVENUE |
| 13 Sep 2023 | £373,227 | £365,000 | 69 GRANGE PARK |
| 18 Aug 2023 | £463,357 | £455,000 | 8 CAULDWELL AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Burglary | Investigation complete; no suspect identified | On or near Monks Avenue |
| Jul 2024 | Anti-social behaviour | On or near Parking Area | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Jun 2024 | Anti-social behaviour | On or near Parking Area | |
| Jun 2024 | Anti-social behaviour | On or near Parking Area |