£501,289
This estimated value is based upon the latest sale price for the house of £499,950 on 17 Jan 2023. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £499,950 | 17 Jan 2023 |
| £166,000 | 18 Oct 2000 |
| Terraced |
| Freehold |
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 2023 the House Price Index for DURHAM was 149.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.268%.Applying this 0.268% change to the original purchase price of £499,950 results in an estimated price of approximately £501,289.
| 17 Jan 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.3 | 149.7 | 0.268 % | £499,950 | £1,339 | £501,289 |
The Postcode Pricing Model uses changes in average sales price within the NE16 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 | 92.723 % | £463,568 | £963,518 |
| 3 Month Average | 17.065 % | £85,314 | £585,264 |
| 6 Month Average | 8.870 % | £44,345 | £544,295 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £93,370 | £91,000 | 25 LUMLEY GARDENS |
| 17 Jan 2023 | £501,289 | £499,950 | 1 ROSE COTTAGES |
| 25 Aug 2022 | £140,658 | £140,000 | 2 FAIR VIEW |
| 1 Jun 2022 | £143,058 | £140,000 | 10 BRIARDENE |
| 25 Apr 2022 | £280,104 | £270,000 | HALIDON HIGH FRIARSIDE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Brackenridge |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Brackenridge |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sports/Recreation Area |