£124,392
This estimated value is based upon the latest sale price for the house of £70,000 on 24 Feb 2006. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £70,000 | 24 Feb 2006 |
| £34,000 | 24 Aug 2001 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 968 sq feet |
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 February 2006 the House Price Index for DURHAM was 83.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 77.703%.Applying this 77.703% change to the original purchase price of £70,000 results in an estimated price of approximately £124,392.
| 24 Feb 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.6 | 148.6 | 77.703 % | £70,000 | £54,392 | £124,392 |
The Postcode Pricing Model uses changes in average sales price within the SR8 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 | -8.390 % | £-5,872 | £64,127 |
| 3 Month Average | -20.730 % | £-14,511 | £55,488 |
| 6 Month Average | -16.171 % | £-11,319 | £58,680 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £75,000 | £75,000 | 62 CHEVIOT PLACE |
| 19 Dec 2023 | £68,702 | £67,500 | 25 CLEVELAND PLACE |
| 9 Jun 2023 | £70,352 | £69,500 | 41 CHEVIOT PLACE |
| 2 Jun 2023 | £74,401 | £73,500 | 16 CLEVELAND PLACE |
| 30 Nov 2022 | £82,995 | £84,000 | 27 CLEVELAND PLACE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 30 Jan 2016. Using an estimated price of £124,392 means this house is valued at £1,382 per sq meter (£128 per sq foot).
The average size of a house on COTSWOLD PLACE is 95 sq meters (1,032 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cheviot Place |
| Feb 2024 | Criminal damage and arson | Local resolution | On or near Cheviot Place |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cheviot Place |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cheviot Place |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cleveland Place |