£216,058
This estimated value is based upon the latest sale price for the house of £128,000 on 21 Feb 2013. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £128,000 | 21 Feb 2013 |
| £54,995 | 10 Oct 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 55 sq meters or 592 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 February 2013 the House Price Index for COUNTY DURHAM was 88.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 68.796%.Applying this 68.796% change to the original purchase price of £128,000 results in an estimated price of approximately £216,058.
| 21 Feb 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.0 | 148.6 | 68.796 % | £128,000 | £88,058 | £216,058 |
The Postcode Pricing Model uses changes in average sales price within the DL12 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 | 80.510 % | £103,053 | £231,053 |
| 3 Month Average | 50.703 % | £64,899 | £192,899 |
| 6 Month Average | 57.855 % | £74,054 | £202,054 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Sep 2023 | £232,979 | £230,000 | 36 NEWGATE |
| 7 Jun 2023 | £440,334 | £435,000 | MALVERN HOUSE, 2 PARK TERRACE |
| 1 Jun 2023 | £485,886 | £480,000 | 2 WESLEY TERRACE |
| 28 Mar 2023 | £161,522 | £160,000 | 14 NEWGATE |
| 2 Sep 2022 | £222,206 | £224,000 | 52 NEWGATE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 6 May 2012. Using an estimated price of £216,059 means this house is valued at £3,928 per sq meter (£364 per sq foot).
The average size of a house on OLD SCHOOL CLOSE is 88 sq meters (953 sq feet).
This house is the smallest in the street with a floor area of 55 sq meters (592 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Old School Close |
| Feb 2024 | Anti-social behaviour | On or near Priory Yard | |
| Feb 2024 | Anti-social behaviour | On or near Priory Yard | |
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Feb 2024 | Anti-social behaviour | On or near Parking Area |