8, MONKRIDGE, WHITLEY BAY, NE26 3EH - £245,000

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.

8 MONKRIDGE is a very small extended semi-detached house of 50m², built sometime between 1967 and 1975, which could now be worth an estimated £263,872. It was last sold for £245,000 in May 2023, which was around 18% above the average May 2023 semi-detached price in the North Tyneside local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was C.

8 MONKRIDGE Sold Prices

Land registry data shows three sales for 8 MONKRIDGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the North Tyneside local authority area for the corresponding sale date. All of the three 8 MONKRIDGE sales were for above 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
2023 30 MAY	£245,000	£207,543	18% above HPI
1999 26 NOV	£68,000	£51,838	31% above HPI
1998 18 SEP	£59,000	£48,186	22% above HPI

8 MONKRIDGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Tyneside local authority area over time, sourced from the HPI. The three 8 MONKRIDGE sales between September 1998 and May 2023 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 November 1999 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the May 2023 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 8 MONKRIDGE be worth now?

8 MONKRIDGE might now be worth an estimated £263,872.

This is based on house price inflation of 7.7%, between May 2023 and February 2025, for semi-detached houses, in the North Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.7% inflationary increase is applied to the most recent sale price for 8 MONKRIDGE of £245,000 on 30th May 2023. For the value to have increased from £245,000 to £263,872 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of 8 MONKRIDGE has moved in line with the HPI for semi-detached houses in the North Tyneside local authority area.
• The May 2023 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MONKRIDGE has not materially changed since May 2023.

How Large is 8 MONKRIDGE?

8 MONKRIDGE is 50m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% of semi-detached houses houses in Whitley Bay, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Whitley Bay, and where 8 MONKRIDGE lies on this distribution: 1% of semi-detached houses houses are smaller than 8 MONKRIDGE, and 99% of houses are larger. Note that EPC data is not available for all properties in Whitley Bay.

8 MONKRIDGE: Plot and Title Map

8 MONKRIDGE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 8 MONKRIDGE, 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 8 MONKRIDGE). 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 8 MONKRIDGE?

8 MONKRIDGE is located in WHITLEY BAY, in the NE26 postcode district. The below map shows the position of No. 8 on MONKRIDGE.