£550,324
This estimated value is based upon the latest sale price for the house of £515,000 on 29 Jun 2021. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £515,000 | 29 Jun 2021 |
| £399,000 | 15 Jan 2014 |
| £382,500 | 19 Jan 2010 |
| £130,000 | 23 Nov 2007 |
| £125,000 | 13 Aug 2007 |
| £85,000 | 26 May 2006 |
| Detached |
| Freehold |
| Floor Area: 204 sq meters or 2,204 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 June 2021 the House Price Index for COUNTY DURHAM was 138.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 6.859%.Applying this 6.859% change to the original purchase price of £515,000 results in an estimated price of approximately £550,324.
| 29 Jun 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.0 | 6.859 % | £515,000 | £35,324 | £550,324 |
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 | -37.718 % | £-194,248 | £320,751 |
| 3 Month Average | -35.032 % | £-180,414 | £334,585 |
| 6 Month Average | -30.124 % | £-155,139 | £359,860 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £135,743 | £134,000 | 23 DERWENT CLOSE |
| 7 Jul 2023 | £252,337 | £249,950 | 3 GOSWICK WAY |
| 13 May 2022 | £162,516 | £160,100 | 9 DERWENT CLOSE |
| 14 Apr 2022 | £164,103 | £160,000 | 15 GOSWICK WAY |
| 25 Feb 2022 | £464,785 | £445,000 | 5 BOULMER LEA |
This house has a floor area of 204 sq meters or 2,204 sq feet when measured on 17 Nov 2008. Using an estimated price of £550,325 means this house is valued at £2,687 per sq meter (£249 per sq foot).
The average size of a house on BOULMER LEA is 282 sq meters (3,041 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Goswick Way |
| Mar 2024 | Vehicle crime | Under investigation | On or near Goswick Way |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dene Way |