£113,689
This estimated value is based upon the latest sale price for the house of £91,500 on 25 Jul 2019. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £91,500 | 25 Jul 2019 |
| £70,000 | 19 Feb 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 July 2019 the House Price Index for COUNTY DURHAM was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.250%.Applying this 24.250% change to the original purchase price of £91,500 results in an estimated price of approximately £113,689.
| 25 Jul 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.250 % | £91,500 | £22,189 | £113,689 |
The Postcode Pricing Model uses changes in average sales price within the SR7 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 | -6.113 % | £-5,592 | £85,907 |
| 3 Month Average | 1.179 % | £1,078 | £92,578 |
| 6 Month Average | 0.387 % | £353 | £91,853 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2024 | £80,000 | £80,000 | 23 ESSEX CRESCENT |
| 18 Aug 2023 | £73,832 | £72,500 | 17 ENFIELD ROAD |
| 8 Aug 2023 | £106,929 | £105,000 | 23 ELLESMERE DRIVE |
| 23 Aug 2022 | £82,385 | £82,000 | 23 EASTLEA ROAD |
| 12 Aug 2022 | £87,911 | £87,500 | 3 ESKDALE CLOSE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 20 Feb 2019. Using an estimated price of £113,689 means this house is valued at £1,536 per sq meter (£142 per sq foot).
The average size of a house on ELGIN AVENUE is 125 sq meters (1,352 sq feet).
This house is the smallest in the street with a floor area of 74 sq meters (796 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Local resolution | On or near Everton Drive |
| Sep 2024 | Violence and sexual offences | Local resolution | On or near Everton Drive |
| Sep 2024 | Violence and sexual offences | Local resolution | On or near Everton Drive |
| Oct 2024 | Anti-social behaviour | On or near Ellesmere Drive | |
| Oct 2024 | Anti-social behaviour | On or near Ellesmere Drive |