£332,432
This estimated value is based upon the latest sale price for the house of £195,000 on 29 Nov 2012. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £195,000 | 29 Nov 2012 |
| Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 November 2012 the House Price Index for COUNTY DURHAM was 87.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.478%.Applying this 70.478% change to the original purchase price of £195,000 results in an estimated price of approximately £332,432.
| 29 Nov 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.8 | 149.7 | 70.478 % | £195,000 | £137,432 | £332,432 |
The Postcode Pricing Model uses changes in average sales price within the DH3 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 | -8.227 % | £-16,043 | £178,956 |
| 3 Month Average | 2.235 % | £4,357 | £199,357 |
| 6 Month Average | 12.315 % | £24,014 | £219,014 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Aug 2024 | £290,000 | £290,000 | 22 PARK ROAD NORTH |
| 24 Nov 2023 | £318,074 | £310,000 | 2 CHERRY BANKS |
| 27 Oct 2023 | £298,786 | £292,000 | 16 PARK ROAD NORTH |
| 9 Oct 2023 | £242,508 | £237,000 | 40 PARK ROAD NORTH |
| 3 Apr 2023 | £221,413 | £217,272 | 39 CAMPERDOWN AVENUE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 21 Apr 2012. Using an estimated price of £332,433 means this house is valued at £3,821 per sq meter (£354 per sq foot).
The average size of a house on CHERRY BANKS is 127 sq meters (1,369 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Camperdown Avenue |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Shields Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hadrian Avenue |
| Sep 2024 | Other theft | Under investigation | On or near A693 |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Highfield Gardens |