£213,527
This estimated value is based upon the latest sale price for the house of £123,500 on 17 Jul 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £123,500 | 17 Jul 2006 |
| Semi-Detached |
| 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 July 2006 the House Price Index for TYNE AND WEAR was 85.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.897%.Applying this 72.897% change to the original purchase price of £123,500 results in an estimated price of approximately £213,527.
| 17 Jul 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.9 | 148.6 | 72.897 % | £123,500 | £90,027 | £213,527 |
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 | 65.468 % | £80,852 | £204,352 |
| 3 Month Average | 26.415 % | £32,622 | £156,122 |
| 6 Month Average | 32.945 % | £40,687 | £164,187 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £268,956 | £264,250 | 23 FAIRFIELD DRIVE |
| 24 Nov 2023 | £211,126 | £208,000 | 12 CAULDWELL AVENUE |
| 13 Sep 2023 | £369,727 | £365,000 | 69 GRANGE PARK |
| 18 Aug 2023 | £459,016 | £455,000 | 8 CAULDWELL AVENUE |
| 28 Jul 2023 | £349,707 | £345,000 | 9 GRANGE PARK |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 14 Jan 2015. Using an estimated price of £213,528 means this house is valued at £3,235 per sq meter (£300 per sq foot).
The average size of a house on MONKS AVENUE is 74 sq meters (799 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Monks Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Green Square |