£305,001
This estimated value is based upon the latest sale price for the house of £260,000 on 30 Oct 2020. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £260,000 | 30 Oct 2020 |
| Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 October 2020 the House Price Index for COUNTY DURHAM was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £260,000 results in an estimated price of approximately £305,001.
| 30 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £260,000 | £45,001 | £305,001 |
The Postcode Pricing Model uses changes in average sales price within the DH1 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 | -31.232 % | £-81,202 | £178,797 |
| 3 Month Average | -16.068 % | £-41,777 | £218,222 |
| 6 Month Average | -5.383 % | £-13,996 | £246,003 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £274,057 | £270,000 | 7 LICHFIELD ROAD |
| 12 Jul 2023 | £202,729 | £200,000 | 9 LICHFIELD ROAD |
| 25 Apr 2023 | £500,388 | £495,000 | 51 ROSEMOUNT |
| 22 Jul 2022 | £210,567 | £210,000 | 1 LICHFIELD ROAD |
| 10 Dec 2021 | £428,551 | £400,000 | 41 ROSEMOUNT |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 18 May 2017. Using an estimated price of £305,002 means this house is valued at £3,860 per sq meter (£358 per sq foot).
The average size of a house on ROSEMOUNT is 162 sq meters (1,749 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Lichfield Road |
| Feb 2024 | Burglary | Under investigation | On or near Ripon Road |
| Feb 2024 | Burglary | Under investigation | On or near Ripon Road |
| Feb 2024 | Vehicle crime | Under investigation | On or near Ripon Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Helmsley Road |