£489,561
This estimated value is based upon the latest sale price for the house of £365,000 on 16 Aug 2016. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £365,000 | 16 Aug 2016 |
| £106,000 | 12 Oct 2006 |
| Detached |
| Freehold |
| Floor Area: 401 sq meters or 4,316 sq feet |
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 August 2016 the House Price Index for DURHAM was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.126%.Applying this 34.126% change to the original purchase price of £365,000 results in an estimated price of approximately £489,561.
| 16 Aug 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.126 % | £365,000 | £124,561 | £489,561 |
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 | -7.375 % | £-26,920 | £338,079 |
| 3 Month Average | 9.693 % | £35,380 | £400,380 |
| 6 Month Average | 22.985 % | £83,895 | £448,895 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £116,007 | £115,000 | 53 DERWENT CLOSE |
| 3 Nov 2023 | £137,490 | £134,000 | 23 DERWENT CLOSE |
| 27 Sep 2023 | £122,705 | £120,000 | 6 DERWENT CLOSE |
| 13 May 2022 | £164,382 | £160,100 | 9 DERWENT CLOSE |
| 14 Apr 2022 | £165,988 | £160,000 | 15 GOSWICK WAY |
This house has a floor area of 401 sq meters or 4,316 sq feet when measured on 2 Aug 2016. Using an estimated price of £489,561 means this house is valued at £1,220 per sq meter (£113 per sq foot).
The average size of a house on BOULMER LEA is 282 sq meters (3,041 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mariners Way |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Dene Way |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Dene Way |
| Oct 2024 | Criminal damage and arson | Local resolution | On or near Dene Way |
| Sep 2024 | Anti-social behaviour | On or near Derwent Close |