£228,008
This estimated value is based upon the latest sale price for the house of £169,995 on 12 Aug 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £169,995 | 12 Aug 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.126%.Applying this 34.126% change to the original purchase price of £169,995 results in an estimated price of approximately £228,008.
| 12 Aug 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.126 % | £169,995 | £58,013 | £228,008 |
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 | 79.193 % | £134,624 | £304,619 |
| 3 Month Average | 52.407 % | £89,088 | £259,083 |
| 6 Month Average | 15.478 % | £26,311 | £196,306 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2022 | £298,043 | £285,500 | 17 BEDESWELL CLOSE |
| 29 Oct 2021 | £224,606 | £201,500 | 15 SAINT CLOSE |
| 31 Aug 2021 | £225,899 | £201,000 | 76 MONKTON LANE |
| 9 Apr 2021 | £304,291 | £267,500 | 30 MONKTON LANE |
| 23 Oct 2020 | £319,077 | £270,000 | 68 MONKTON LANE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 13 Jul 2016. Using an estimated price of £228,008 means this house is valued at £2,886 per sq meter (£268 per sq foot).
The average size of a house on MONKTON LANE is 101 sq meters (1,090 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Penrose Place |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Holmes Drive |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Holmes Drive |
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Saint Close |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Bedeswell Close |