MONKLANDS, DUNSTON BANK, GATESHEAD, NE11 9PY - £280,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MONKLANDS is a very large extended detached house of 172m², built sometime between 1900 and 1929, which could now be worth an estimated £347,666. It was last sold for £280,000 in January 2018, which was around 24% above the average January 2018 detached price in the Gateshead local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was C.

MONKLANDS Sold Prices

Land registry data shows two sales for MONKLANDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. Both of the two MONKLANDS 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
2018 25 JAN	£280,000	£226,314	24% above HPI
2006 20 DEC	£216,000	£212,297	2% above HPI

MONKLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gateshead local authority area over time, sourced from the HPI. The two MONKLANDS sales from December 2006 and January 2018 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 December 2006 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the January 2018 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might MONKLANDS be worth now?

MONKLANDS might now be worth an estimated £347,666.

This is based on house price inflation of 24.2%, between January 2018 and February 2025, for detached houses, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.2% inflationary increase is applied to the most recent sale price for MONKLANDS of £280,000 on 25th January 2018. For the value to have increased from £280,000 to £347,666 over the six years and eleven months to February 2025, the following assumptions must hold true:

• The value of MONKLANDS has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The January 2018 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of MONKLANDS has not materially changed since January 2018.

How Large is MONKLANDS?

MONKLANDS is 172m², which includes two extensions, according to the EPC inspection conducted in June 2015. This puts it in the largest 10% of detached houses houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gateshead, and where MONKLANDS lies on this distribution: 90% of detached houses houses are smaller than MONKLANDS, and 9% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

MONKLANDS: Plot and Title Map

MONKLANDS sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of MONKLANDS, 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 MONKLANDS). 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 MONKLANDS?

MONKLANDS is located on DUNSTON BANK in GATESHEAD, in the NE11 postcode district. The below map shows the position of MONKLANDS on DUNSTON BANK.