£85,715
This estimated value is based upon the latest sale price for the house of £62,000 on 14 Jan 2016. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £62,000 | 14 Jan 2016 |
| £32,500 | 4 Feb 2000 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 January 2016 the House Price Index for DURHAM was 108.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 38.251%.Applying this 38.251% change to the original purchase price of £62,000 results in an estimated price of approximately £85,715.
| 14 Jan 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 149.7 | 38.251 % | £62,000 | £23,715 | £85,715 |
The Postcode Pricing Model uses changes in average sales price within the DL5 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 | 20.706 % | £12,837 | £74,837 |
| 3 Month Average | 26.112 % | £16,189 | £78,189 |
| 6 Month Average | 10.675 % | £6,618 | £68,618 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Mar 2024 | £78,709 | £77,500 | 47 BISCOP CRESCENT |
| 20 Oct 2023 | £81,854 | £79,995 | 79 BISCOP CRESCENT |
| 22 Sep 2023 | £86,405 | £84,500 | 66 SHAFTO WAY |
| 18 Apr 2023 | £71,334 | £70,000 | 1 KELLAWE PLACE |
| 17 Feb 2023 | £95,639 | £95,000 | 20 HEILD CLOSE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 21 Aug 2015. Using an estimated price of £85,716 means this house is valued at £1,158 per sq meter (£107 per sq foot).
The average size of a house on SHAFTO WAY is 88 sq meters (952 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Shield Walk | |
| Jul 2024 | Anti-social behaviour | On or near Shield Walk | |
| May 2024 | Anti-social behaviour | On or near Shield Walk | |
| May 2024 | Anti-social behaviour | On or near Shield Walk | |
| May 2024 | Anti-social behaviour | On or near Shield Walk |