£593,558
This estimated value is based upon the latest sale price for the house of £277,000 on 23 Jan 2004. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £277,000 | 23 Jan 2004 |
| £145,000 | 2 Jul 1999 |
| Detached |
| Freehold |
| Floor Area: 136 sq meters or 1,463 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 January 2004 the House Price Index for DURHAM was 69.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 114.281%.Applying this 114.281% change to the original purchase price of £277,000 results in an estimated price of approximately £593,558.
| 23 Jan 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 69.3 | 148.6 | 114.281 % | £277,000 | £316,558 | £593,558 |
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 | 1.830 % | £5,068 | £282,068 |
| 3 Month Average | 23.030 % | £63,793 | £340,793 |
| 6 Month Average | 46.917 % | £129,959 | £406,959 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £412,212 | £405,000 | 9 SUFFOLK WAY |
| 22 Sep 2023 | £339,339 | £335,000 | 28 OATLANDS WAY |
| 2 Jun 2023 | £364,414 | £360,000 | 35 OATLANDS WAY |
| 25 Apr 2023 | £500,388 | £495,000 | 51 ROSEMOUNT |
| 25 Jul 2022 | £365,985 | £365,000 | 14 OATLANDS WAY |
This house has a floor area of 136 sq meters or 1,463 sq feet when measured on 18 Nov 2014. Using an estimated price of £593,558 means this house is valued at £4,364 per sq meter (£405 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 |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Helmsley Road |