£48,660
This estimated value is based upon the latest sale price for the house of £32,500 on 14 Nov 2014. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £32,500 | 14 Nov 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 31 sq meters or 333 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 November 2014 the House Price Index for COUNTY DURHAM was 99.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.724%.Applying this 49.724% change to the original purchase price of £32,500 results in an estimated price of approximately £48,660.
| 14 Nov 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 148.6 | 49.724 % | £32,500 | £16,160 | £48,660 |
The Postcode Pricing Model uses changes in average sales price within the DH8 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 | -12.173 % | £-3,956 | £28,543 |
| 3 Month Average | 26.720 % | £8,683 | £41,183 |
| 6 Month Average | 18.823 % | £6,117 | £38,617 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2023 | £32,988 | £32,500 | 146 GREENWAYS |
| 27 Sep 2023 | £77,997 | £77,000 | 127 BRIARDALE |
| 21 Sep 2023 | £183,851 | £181,500 | 116 GREENWAYS |
| 27 Jul 2023 | £144,647 | £142,700 | 1 COLLEGE VIEW |
| 6 Jul 2023 | £32,437 | £32,000 | 140 GREENWAYS |
This house has a floor area of 31 sq meters or 333 sq feet when measured on 7 Aug 2014. Using an estimated price of £48,660 means this house is valued at £1,569 per sq meter (£145 per sq foot).
The average size of a house on GREENWAYS is 77 sq meters (831 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Glenmore |
| Mar 2024 | Anti-social behaviour | On or near Greencroft Road | |
| Mar 2024 | Other crime | Under investigation | On or near Lumley Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lumley Drive |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lumley Drive |