31, MONKTON LANE, HEBBURN, NE31 2GD - £183,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

31 MONKTON LANE is a very small detached house of 88m², which could now be worth an estimated £223,068. It was last sold for £183,000 in September 2020, which was around 27% below the average September 2020 detached price in the South Tyneside local authority area. The most recent EPC inspection was February 2016, where the current energy rating was B, and the potential energy rating was A.

31 MONKTON LANE Sold Prices

Land registry data shows two sales for 31 MONKTON LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Tyneside local authority area for the corresponding sale date. Both of the two 31 MONKTON LANE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 1 SEP	£183,000	£249,862	27% below HPI
2018 18 JUN	£177,000	£240,114	26% below HPI

31 MONKTON LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Tyneside local authority area over time, sourced from the HPI. The two 31 MONKTON LANE sales from June 2018 and September 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2018 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2020 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 31 MONKTON LANE be worth now?

31 MONKTON LANE might now be worth an estimated £223,068.

This is based on house price inflation of 21.9%, between September 2020 and February 2025, for detached houses, in the South Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.9% inflationary increase is applied to the most recent sale price for 31 MONKTON LANE of £183,000 on 1st September 2020. For the value to have increased from £183,000 to £223,068 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 31 MONKTON LANE has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The September 2020 sale price of £183,000 represented a fair market value for the property.
• The size, condition, and specification of 31 MONKTON LANE has not materially changed since September 2020.

How Large is 31 MONKTON LANE?

31 MONKTON LANE is 88m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 20% of detached houses houses in Hebburn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hebburn, and where 31 MONKTON LANE lies on this distribution: 17% of detached houses houses are smaller than 31 MONKTON LANE, and 79% of houses are larger. Note that EPC data is not available for all properties in Hebburn.

31 MONKTON LANE: Plot and Title Map

31 MONKTON LANE sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 31 MONKTON LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 31 MONKTON LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 31 MONKTON LANE?

31 MONKTON LANE is located in HEBBURN, in the NE31 postcode district. The below map shows the position of No. 31 on MONKTON LANE.