£472,758
This estimated value is based upon the latest sale price for the house of £350,000 on 18 Mar 2016. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£350,000 | 18 Mar 2016 |
£130,000 | 21 Oct 2002 |
Semi-Detached |
Freehold |
Floor Area: 222 sq meters or 2,389 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 March 2016 the House Price Index for DURHAM was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £350,000 results in an estimated price of approximately £472,758.
18 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
110.0 | 148.6 | 35.074 % | £350,000 | £122,758 | £472,758 |
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 | -27.427 % | £-95,993 | £254,006 |
3 Month Average | -18.225 % | £-63,789 | £286,210 |
6 Month Average | -8.428 % | £-29,497 | £320,502 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Sep 2023 | £126,619 | £125,000 | 32 WATSON PARK |
13 Jan 2023 | £151,287 | £152,000 | 23 WATSON PARK |
26 Aug 2022 | £131,646 | £132,000 | 43 WATSON PARK |
10 Aug 2022 | £229,383 | £230,000 | 70 WATSON PARK |
24 Jun 2022 | £228,225 | £225,000 | 57 WATSON PARK |
This house has a floor area of 222 sq meters or 2,389 sq feet when measured on 31 Jan 2020. Using an estimated price of £472,758 means this house is valued at £2,129 per sq meter (£197 per sq foot).
The average size of a house on GREEN LANE is 207 sq meters (2,228 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Anti-social behaviour | On or near Green Lane | |
Feb 2024 | Anti-social behaviour | On or near Watson Park | |
Feb 2024 | Anti-social behaviour | On or near Watson Park | |
Feb 2024 | Anti-social behaviour | On or near Watson Park | |
Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Watson Park |