£89,500
This estimated value is based upon the latest sale price for the house of £69,950 on 23 Aug 2017. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £69,950 | 23 Aug 2017 |
| Terraced |
| Freehold |
| Floor Area: 63 sq meters or 678 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 August 2017 the House Price Index for COUNTY DURHAM was 117.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.949%.Applying this 27.949% change to the original purchase price of £69,950 results in an estimated price of approximately £89,500.
| 23 Aug 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 149.7 | 27.949 % | £69,950 | £19,550 | £89,500 |
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 | -38.191 % | £-26,714 | £43,235 |
| 3 Month Average | -2.565 % | £-1,794 | £68,155 |
| 6 Month Average | 18.401 % | £12,871 | £82,821 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 May 2024 | £93,000 | £93,000 | 135 MELROSE CRESCENT |
| 12 Apr 2024 | £116,058 | £115,050 | 1 MILLDALE |
| 13 Dec 2023 | £216,657 | £210,000 | 10 SEATON PARK |
| 24 Nov 2023 | £116,969 | £114,000 | 21 MILLDALE |
| 31 Aug 2023 | £86,561 | £85,000 | 42 AMBLESIDE AVENUE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 10 May 2017. Using an estimated price of £89,500 means this house is valued at £1,420 per sq meter (£131 per sq foot).
The average size of a house on MELROSE CRESCENT is 80 sq meters (869 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Seaton Park |
| May 2024 | Anti-social behaviour | On or near Seaton Park | |
| May 2024 | Anti-social behaviour | On or near Seaton Park | |
| May 2024 | Anti-social behaviour | On or near Seaton Park | |
| Apr 2024 | Other crime | Under investigation | On or near Seaton Park |