£88,204
This estimated value is based upon the latest sale price for the house of £52,000 on 10 Aug 2012. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £52,000 | 10 Aug 2012 |
| £74,000 | 17 Aug 2007 |
| £69,000 | 17 Mar 2006 |
| £31,000 | 18 Jul 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 2012 the House Price Index for COUNTY DURHAM was 87.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 69.625%.Applying this 69.625% change to the original purchase price of £52,000 results in an estimated price of approximately £88,204.
| 10 Aug 2012 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.0 | 69.625 % | £52,000 | £36,204 | £88,204 |
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 | -7.310 % | £-3,801 | £48,198 |
| 3 Month Average | 8.627 % | £4,485 | £56,485 |
| 6 Month Average | 11.938 % | £6,207 | £58,207 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £127,410 | £125,000 | 23 NEW DRIVE |
| 3 Nov 2023 | £135,743 | £134,000 | 23 DERWENT CLOSE |
| 31 Aug 2023 | £166,010 | £165,000 | 5 MARINERS WAY |
| 24 Jul 2023 | £151,432 | £150,000 | 109 DENE HOUSE ROAD |
| 24 Oct 2022 | £90,652 | £92,000 | 21 MARINERS WAY |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 26 Oct 2014. Using an estimated price of £88,205 means this house is valued at £1,633 per sq meter (£151 per sq foot).
The average size of a house on DERWENT CLOSE is 70 sq meters (761 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | On or near Seaham (Station) | |
| Mar 2024 | Violence and sexual offences | On or near Seaham (Station) | |
| Mar 2024 | Violence and sexual offences | On or near Seaham (Station) | |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Parking Area |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dene Way |