£131,660
This estimated value is based upon the latest sale price for the house of £90,000 on 30 Jun 2015. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £90,000 | 30 Jun 2015 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 June 2015 the House Price Index for COUNTY DURHAM was 102.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 46.290%.Applying this 46.290% change to the original purchase price of £90,000 results in an estimated price of approximately £131,660.
| 30 Jun 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 149.7 | 46.290 % | £90,000 | £41,660 | £131,660 |
The Postcode Pricing Model uses changes in average sales price within the SR8 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 | -17.376 % | £-15,638 | £74,361 |
| 3 Month Average | -18.611 % | £-16,749 | £73,250 |
| 6 Month Average | -8.501 % | £-7,650 | £82,349 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £60,000 | £60,000 | 9 RABY AVENUE |
| 24 Oct 2023 | £74,185 | £72,500 | 5 THE CRESCENT |
| 3 Aug 2023 | £123,732 | £121,500 | 16 EAST VIEW |
| 14 Jun 2023 | £59,186 | £58,000 | 28 GEORGE AVENUE |
| 8 Jun 2023 | £66,839 | £65,500 | 19 RABY AVENUE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 7 Apr 2015. Using an estimated price of £131,661 means this house is valued at £1,496 per sq meter (£138 per sq foot).
The average size of a house on THE CRESCENT is 90 sq meters (968 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Crescent |
| Jun 2024 | Anti-social behaviour | On or near The Crescent | |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near The Crescent |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Crescent |
| Jun 2024 | Anti-social behaviour | On or near The Crescent |