£320,574
This estimated value is based upon the latest sale price for the house of £87,000 on 2 Aug 2000. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £87,000 | 2 Aug 2000 |
| Detached |
| Freehold |
| Floor Area: 88 sq meters or 955 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 August 2000 the House Price Index for DURHAM was 40.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 268.477%.Applying this 268.477% change to the original purchase price of £87,000 results in an estimated price of approximately £320,574.
| 2 Aug 2000 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.2 | 148.0 | 268.477 % | £87,000 | £233,574 | £320,574 |
The Postcode Pricing Model uses changes in average sales price within the DL4 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 | 140.545 % | £122,273 | £209,273 |
| 3 Month Average | 79.651 % | £69,295 | £156,295 |
| 6 Month Average | 107.138 % | £93,209 | £180,209 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £12,041 | £12,000 | 16 REDWORTH ROAD |
| 24 Nov 2023 | £170,185 | £168,000 | THE LOCOMOTIVE, 207 BYERLEY ROAD |
| 17 Nov 2023 | £46,598 | £46,000 | 11 SCOTT STREET |
| 3 Nov 2023 | £59,767 | £59,000 | 8 TOMLIN STREET |
| 14 Aug 2023 | £58,355 | £58,000 | 16 SCOTT STREET |
This house has a floor area of 88 sq meters or 955 sq feet when measured on 20 Jul 2010. Using an estimated price of £320,575 means this house is valued at £3,612 per sq meter (£335 per sq foot).
The average size of a house on RICHMOND CLOSE is 174 sq meters (1,876 sq feet).
This house is the smallest in the street with a floor area of 88 sq meters (955 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other crime | Further action is not in the public interest | On or near Chapel Street |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Strand Street |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Strand Street |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Strand Street |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Middleton Road |