£266,700
This estimated value is based upon the latest sale price for the house of £210,000 on 8 Nov 2017. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £210,000 | 8 Nov 2017 |
| Detached |
| Freehold |
| Floor Area: 144 sq meters or 1,550 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 2017 the House Price Index for COUNTY DURHAM was 117.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.000%.Applying this 27.000% change to the original purchase price of £210,000 results in an estimated price of approximately £266,700.
| 8 Nov 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 149.7 | 27.000 % | £210,000 | £56,700 | £266,700 |
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 | -18.454 % | £-38,753 | £171,246 |
| 3 Month Average | -3.391 % | £-7,121 | £202,878 |
| 6 Month Average | 4.371 % | £9,178 | £219,178 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2023 | £123,125 | £120,000 | 9 BRECON CLOSE |
| 2 Jun 2023 | £153,016 | £149,950 | 31 GIRTON CLOSE |
| 21 Apr 2023 | £217,060 | £213,000 | 2 GIRTON CLOSE |
| 18 Apr 2023 | £253,746 | £249,000 | 14 SHADFORTH CLOSE |
| 1 Jun 2022 | £82,769 | £81,000 | 39 BRECON CLOSE |
This house has a floor area of 144 sq meters or 1,550 sq feet when measured on 22 Dec 2016. Using an estimated price of £266,700 means this house is valued at £1,852 per sq meter (£172 per sq foot).
The average size of a house on LORIMERS CLOSE is 213 sq meters (2,299 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other crime | Under investigation | On or near Lorimers Close |
| Apr 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Lorimers Close |
| Jun 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Girton Close |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Girton Close |
| May 2024 | Public order | Awaiting court outcome | On or near Girton Close |