£180,677
This estimated value is based upon the latest sale price for the house of £77,950 on 7 Aug 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £77,950 | 7 Aug 2003 |
| £42,500 | 14 May 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 48 sq meters or 516 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 August 2003 the House Price Index for TYNE AND WEAR was 64.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 131.786%.Applying this 131.786% change to the original purchase price of £77,950 results in an estimated price of approximately £180,677.
| 7 Aug 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.6 | 149.7 | 131.786 % | £77,950 | £102,727 | £180,677 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 79.822 % | £62,221 | £140,171 |
| 3 Month Average | 66.094 % | £51,520 | £129,470 |
| 6 Month Average | 45.180 % | £35,217 | £113,167 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £125,773 | £123,000 | 26 MONKSIDE CLOSE |
| 1 Jun 2023 | £122,454 | £120,000 | 76 CAIRNGORM AVENUE |
| 22 Aug 2022 | £150,705 | £150,000 | 2 CAIRNGORM AVENUE |
| 20 Jun 2022 | £250,352 | £245,000 | 55 MONKSIDE CLOSE |
| 18 Mar 2022 | £135,711 | £130,000 | 15 MONKSIDE CLOSE |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 9 Jul 2012. Using an estimated price of £180,677 means this house is valued at £3,764 per sq meter (£349 per sq foot).
The average size of a house on MONKSIDE CLOSE is 75 sq meters (814 sq feet).
This house is the smallest in the street with a floor area of 48 sq meters (516 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Public order | Under investigation | On or near Monkside Close |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Longridge Avenue |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Helvellyn Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Helvellyn Avenue |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Heron Close |