£162,721
This estimated value is based upon the latest sale price for the house of £96,500 on 22 Mar 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £96,500 | 22 Mar 2013 |
| £115,000 | 28 Oct 2005 |
| £37,000 | 2 Dec 1998 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 66 sq meters or 710 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 March 2013 the House Price Index for TYNE AND WEAR was 88.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 68.623%.Applying this 68.623% change to the original purchase price of £96,500 results in an estimated price of approximately £162,721.
| 22 Mar 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 149.7 | 68.623 % | £96,500 | £66,221 | £162,721 |
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 | 15.030 % | £14,504 | £111,004 |
| 3 Month Average | 44.891 % | £43,319 | £139,819 |
| 6 Month Average | 49.497 % | £47,764 | £144,264 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Jun 2024 | £278,000 | £278,000 | 21 GRANGE PARK |
| 19 Dec 2023 | £149,597 | £145,000 | 66 MONKS AVENUE |
| 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 |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 2 Dec 2021. Using an estimated price of £162,721 means this house is valued at £2,465 per sq meter (£229 per sq foot).
The average size of a house on MONKS AVENUE is 74 sq meters (799 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Other crime | Under investigation | On or near Green Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Abbey Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Abbey Close |
| Sep 2024 | Anti-social behaviour | On or near Middle Green | |
| Sep 2024 | Anti-social behaviour | On or near Middle Green |