£124,279
This estimated value is based upon the latest sale price for the house of £116,000 on 17 Dec 2021. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £116,000 | 17 Dec 2021 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 December 2021 the House Price Index for COUNTY DURHAM was 138.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.138%.Applying this 7.138% change to the original purchase price of £116,000 results in an estimated price of approximately £124,279.
| 17 Dec 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 148.6 | 7.138 % | £116,000 | £8,279 | £124,279 |
The Postcode Pricing Model uses changes in average sales price within the SR7 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 | -22.101 % | £-25,637 | £90,362 |
| 3 Month Average | 7.104 % | £8,240 | £124,240 |
| 6 Month Average | 7.598 % | £8,813 | £124,813 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £157,760 | £155,000 | 11 NORFOLK CLOSE |
| 23 Jun 2023 | £96,165 | £95,000 | 7 NORFOLK CLOSE |
| 5 Jan 2023 | £159,250 | £160,000 | 16 NAPIER ROAD |
| 8 Apr 2022 | £154,470 | £150,000 | 5 NEWARK CRESCENT |
| 25 Mar 2022 | £160,621 | £155,000 | 2 NORFOLK CLOSE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 23 Jun 2021. Using an estimated price of £124,280 means this house is valued at £1,726 per sq meter (£160 per sq foot).
The average size of a house on NAVENBY CLOSE is 148 sq meters (1,600 sq feet).
This house is the smallest in the street with a floor area of 72 sq meters (775 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Norfolk Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Normanby Close |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Normanby Close |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Northwood Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Northwood Road |