£309,510
This estimated value is based upon the latest sale price for the house of £300,000 on 15 Dec 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £300,000 | 15 Dec 2023 |
| Semi-Detached |
| Leasehold |
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 December 2023 the House Price Index for TYNE AND WEAR was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £300,000 results in an estimated price of approximately £309,510.
| 15 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.1 | 149.7 | 3.170 % | £300,000 | £9,510 | £309,510 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 11.565 % | £34,696 | £334,696 |
| 3 Month Average | 30.394 % | £91,181 | £391,181 |
| 6 Month Average | 6.624 % | £19,872 | £319,872 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £319,915 | £315,000 | 104 MONKTON LANE |
| 26 Mar 2024 | £110,193 | £108,500 | 16 MONKTON HALL |
| 20 Dec 2023 | £103,170 | £100,000 | 34 BLACKPOOL PARADE |
| 15 Dec 2023 | £309,511 | £300,000 | 21 CHEVIOT ROAD |
| 17 Mar 2023 | £184,074 | £181,000 | 9 WOOLER WALK |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Monkton Lane |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Monkton Lane |
| Aug 2024 | Public order | Investigation complete; no suspect identified | On or near Monkton Lane |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Sports/Recreation Area |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sports/Recreation Area |