£239,645
This estimated value is based upon the latest sale price for the house of £138,000 on 16 Jun 2006. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £138,000 | 16 Jun 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 June 2006 the House Price Index for DURHAM was 85.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 73.656%.Applying this 73.656% change to the original purchase price of £138,000 results in an estimated price of approximately £239,645.
| 16 Jun 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.6 | 148.6 | 73.656 % | £138,000 | £101,645 | £239,645 |
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 | 30.964 % | £42,730 | £180,730 |
| 3 Month Average | 12.400 % | £17,112 | £155,112 |
| 6 Month Average | 8.842 % | £12,201 | £150,201 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Aug 2023 | £61,538 | £61,000 | 7 FARNHAM CLOSE |
| 7 Jul 2023 | £228,070 | £225,000 | 27 LOWTHER DRIVE |
| 23 Jun 2023 | £159,431 | £157,500 | 29 PEMBERTON ROAD |
| 24 Mar 2023 | £217,045 | £215,000 | 25 LOWTHER DRIVE |
| 24 Mar 2023 | £116,094 | £115,000 | 5 BROOK CLOSE |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 23 Sep 2014. Using an estimated price of £239,645 means this house is valued at £2,445 per sq meter (£227 per sq foot).
The average size of a house on FARNHAM CLOSE is 59 sq meters (636 sq feet).
This house is the largest in the street with a floor area of 98 sq meters (1,054 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Farnham Close |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Beaumont Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Beaumont Close |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Beaumont Close |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Brook Close |