£794,196
This estimated value is based upon the latest sale price for the house of £680,000 on 19 Nov 2020. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £680,000 | 19 Nov 2020 |
| £350,000 | 5 Jun 2014 |
| £149,500 | 11 Sep 1998 |
| Detached |
| Freehold |
| Floor Area: 173 sq meters or 1,862 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 November 2020 the House Price Index for DURHAM was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £680,000 results in an estimated price of approximately £794,196.
| 19 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 149.7 | 16.794 % | £680,000 | £114,196 | £794,196 |
The Postcode Pricing Model uses changes in average sales price within the DH1 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 | -0.259 % | £-1,763 | £678,236 |
| 3 Month Average | 1.059 % | £7,197 | £687,197 |
| 6 Month Average | -1.446 % | £-9,829 | £670,170 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £500,376 | £485,000 | 1 SHAW WOOD CLOSE |
| 21 Aug 2023 | £315,694 | £310,000 | 9 FIELDHOUSE LANE |
| 18 Aug 2023 | £476,087 | £467,500 | 41 FIELDHOUSE LANE |
| 15 Feb 2023 | £526,014 | £522,500 | 9 THE GROVE |
| 27 Jan 2023 | £380,015 | £379,000 | 18A SPRINGWELL AVENUE |
This house has a floor area of 173 sq meters or 1,862 sq feet when measured on 7 Feb 2015. Using an estimated price of £794,196 means this house is valued at £4,590 per sq meter (£426 per sq foot).
The average size of a house on SPRINGWELL AVENUE is 133 sq meters (1,439 sq feet).
This house is the largest in the street with a floor area of 173 sq meters (1,862 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Fieldhouse Lane |
| Aug 2024 | Anti-social behaviour | On or near Fieldhouse Lane | |
| Aug 2024 | Anti-social behaviour | On or near Fieldhouse Lane | |
| Aug 2024 | Anti-social behaviour | On or near Fieldhouse Lane | |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fieldhouse Lane |