£258,829
This estimated value is based upon the latest sale price for the house of £195,000 on 28 Nov 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £195,000 | 28 Nov 2016 |
| Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 2016 the House Price Index for TYNE AND WEAR was 112.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.733%.Applying this 32.733% change to the original purchase price of £195,000 results in an estimated price of approximately £258,829.
| 28 Nov 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 149.7 | 32.733 % | £195,000 | £63,829 | £258,829 |
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 | 11.456 % | £22,338 | £217,338 |
| 3 Month Average | 19.525 % | £38,073 | £233,073 |
| 6 Month Average | 0.038 % | £73 | £195,073 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 May 2024 | £122,500 | £122,500 | 5 LONGRIDGE AVENUE |
| 29 Sep 2023 | £125,773 | £123,000 | 26 MONKSIDE CLOSE |
| 16 Jun 2023 | £66,329 | £65,000 | 19 LONGRIDGE AVENUE |
| 1 Jun 2023 | £122,454 | £120,000 | 76 CAIRNGORM AVENUE |
| 22 Aug 2022 | £150,705 | £150,000 | 2 CAIRNGORM AVENUE |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 10 Jun 2016. Using an estimated price of £258,829 means this house is valued at £2,331 per sq meter (£216 per sq foot).
The average size of a house on MONKSIDE CLOSE is 75 sq meters (814 sq feet).
This house is the largest in the street with a floor area of 111 sq meters (1,194 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 |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Hambleton Road |