£308,881
This estimated value is based upon the latest sale price for the house of £250,000 on 29 Nov 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 |
|---|---|
| £250,000 | 29 Nov 2019 |
| Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 November 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £250,000 results in an estimated price of approximately £308,881.
| 29 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £250,000 | £58,881 | £308,881 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 38.688 % | £96,721 | £346,721 |
| 3 Month Average | 24.400 % | £60,999 | £310,999 |
| 6 Month Average | 0.514 % | £1,284 | £251,284 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £192,965 | £190,000 | 67 BRUCE DRIVE |
| 27 Oct 2023 | £199,532 | £195,000 | 33 BENEDICT LANE |
| 18 Aug 2023 | £203,673 | £200,000 | 21 HOLMES DRIVE |
| 23 Jun 2023 | £188,783 | £185,000 | 23 HOLMES DRIVE |
| 9 Sep 2022 | £206,862 | £207,000 | 12 BENEDICT LANE |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 18 Oct 2018. Using an estimated price of £308,881 means this house is valued at £2,757 per sq meter (£256 per sq foot).
The average size of a house on MONKTON LANE is 101 sq meters (1,090 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Bedeswell Close |
| Apr 2024 | Anti-social behaviour | On or near Bedeswell Close | |
| Apr 2024 | Anti-social behaviour | On or near Bedeswell Close | |
| Apr 2024 | Anti-social behaviour | On or near Bedeswell Close | |
| Apr 2024 | Anti-social behaviour | On or near Bedeswell Close |