£249,886
This estimated value is based upon the latest sale price for the house of £185,000 on 24 Mar 2016. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £185,000 | 24 Mar 2016 |
| £148,000 | 19 Aug 2010 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 964 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 March 2016 the House Price Index for COUNTY 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 £185,000 results in an estimated price of approximately £249,886.
| 24 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.6 | 35.074 % | £185,000 | £64,886 | £249,886 |
The Postcode Pricing Model uses changes in average sales price within the DL12 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 | 97.830 % | £180,985 | £365,985 |
| 3 Month Average | 58.657 % | £108,516 | £293,516 |
| 6 Month Average | 47.229 % | £87,372 | £272,372 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Jul 2023 | £253,411 | £250,000 | 22 CECIL ROAD |
| 14 Jul 2023 | £339,570 | £335,000 | 11 DENE ROAD |
| 31 Jan 2023 | £189,109 | £190,000 | 3 COMMERCIAL YARD |
| 14 Feb 2022 | £330,339 | £315,000 | 11 COMMERCIAL YARD |
| 26 Nov 2021 | £210,895 | £195,000 | 5 COMMERCIAL YARD |
This house has a floor area of 89 sq meters or 964 sq feet when measured on 21 May 2010. Using an estimated price of £249,886 means this house is valued at £2,788 per sq meter (£259 per sq foot).
The average size of a house on VANE ROAD is 140 sq meters (1,511 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Farmers Way |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Farmers Way |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Farmers Way |
| Mar 2024 | Anti-social behaviour | On or near Flatts Road | |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Flatts Road |