£118,024
This estimated value is based upon the latest sale price for the house of £86,500 on 26 Apr 2016. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £86,500 | 26 Apr 2016 |
| £43,500 | 29 Jul 2015 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 sq feet |
This model uses changes in the Official Land Registry House Price Index for COUNTY DURHAM to estimate the market value.
When this house was purchased in April 2016 the House Price Index for COUNTY DURHAM was 109.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.444%.Applying this 36.444% change to the original purchase price of £86,500 results in an estimated price of approximately £118,024.
| 26 Apr 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 109.7 | 149.7 | 36.444 % | £86,500 | £31,524 | £118,024 |
The Postcode Pricing Model uses changes in average sales price within the DL16 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 | 63.479 % | £54,909 | £141,409 |
| 3 Month Average | -1.816 % | £-1,570 | £84,929 |
| 6 Month Average | -1.826 % | £-1,579 | £84,920 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £146,270 | £145,000 | 10 LUMLEY CLOSE |
| 28 Mar 2024 | £121,872 | £120,000 | 4 WARWICK CLOSE |
| 18 Dec 2023 | £86,663 | £84,000 | 84 DURHAM ROAD |
| 24 Apr 2023 | £122,287 | £120,000 | 2 TUDHOE PARK VILLAS |
| 25 Jan 2023 | £74,198 | £74,000 | 65 DERWENT TERRACE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 13 May 2015. Using an estimated price of £118,024 means this house is valued at £1,532 per sq meter (£142 per sq foot).
The average size of a house on DURHAM ROAD is 108 sq meters (1,166 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Close |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Durham Road |
| Jul 2024 | Anti-social behaviour | On or near The Orchard | |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Orchard |