£442,591
This estimated value is based upon the latest sale price for the house of £400,000 on 21 Oct 2021. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £400,000 | 21 Oct 2021 |
| Semi-Detached |
| Freehold |
| Floor Area: 126 sq meters or 1,356 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 October 2021 the House Price Index for COUNTY DURHAM was 134.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 10.648%.Applying this 10.648% change to the original purchase price of £400,000 results in an estimated price of approximately £442,591.
| 21 Oct 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 148.6 | 10.648 % | £400,000 | £42,591 | £442,591 |
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 | 5.143 % | £20,572 | £420,572 |
| 3 Month Average | 10.193 % | £40,772 | £440,772 |
| 6 Month Average | 12.090 % | £48,358 | £448,358 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Aug 2023 | £554,854 | £550,000 | 2 QUARRYHEADS LANE |
| 13 Apr 2022 | £566,390 | £550,000 | 50 SOUTH STREET |
| 2 Mar 2022 | £181,346 | £175,000 | 26 HIGH WOOD VIEW |
| 21 Oct 2021 | £442,591 | £400,000 | 10 QUARRYHEADS LANE |
| 7 Jul 2021 | £316,048 | £275,000 | 61 SOUTH STREET |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 28 Jun 2021. Using an estimated price of £442,591 means this house is valued at £3,512 per sq meter (£326 per sq foot).
The average size of a house on QUARRYHEADS LANE is 211 sq meters (2,272 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near South Bailey |
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Church Street Head |
| Dec 2023 | Anti-social behaviour | On or near Church Street Head | |
| Dec 2023 | Anti-social behaviour | On or near Church Street Head | |
| Dec 2023 | Anti-social behaviour | On or near Church Street Head |