£138,342
This estimated value is based upon the latest sale price for the house of £24,815 on 2 Jul 1996. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £24,815 | 2 Jul 1996 |
| Semi-Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for DURHAM to estimate the market value.
When this house was purchased in July 1996 the House Price Index for DURHAM was 26.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 457.495%.Applying this 457.495% change to the original purchase price of £24,815 results in an estimated price of approximately £138,342.
| 2 Jul 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.7 | 148.6 | 457.495 % | £24,815 | £113,527 | £138,342 |
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 | 110.009 % | £27,298 | £52,113 |
| 3 Month Average | 91.609 % | £22,732 | £47,547 |
| 6 Month Average | 128.328 % | £31,844 | £56,659 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £120,000 | £120,000 | 4 WARWICK CLOSE |
| 18 Dec 2023 | £85,496 | £84,000 | 84 DURHAM ROAD |
| 17 Nov 2023 | £105,563 | £104,000 | 91 DURHAM ROAD |
| 28 Apr 2023 | £161,742 | £160,000 | 127 DURHAM ROAD |
| 24 Apr 2023 | £121,306 | £120,000 | 2 TUDHOE PARK VILLAS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Close |
| Feb 2024 | Burglary | Awaiting court outcome | On or near Lumley Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near South Terrace |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near South Terrace |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near South Terrace |