£261,805
This estimated value is based upon the latest sale price for the house of £154,995 on 27 Oct 2006. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £154,995 | 27 Oct 2006 |
| Detached |
| Freehold |
| Floor Area: 89 sq meters or 962 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 October 2006 the House Price Index for DURHAM was 88.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 68.912%.Applying this 68.912% change to the original purchase price of £154,995 results in an estimated price of approximately £261,805.
| 27 Oct 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.0 | 148.6 | 68.912 % | £154,995 | £106,810 | £261,805 |
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 | -9.471 % | £-14,679 | £140,315 |
| 3 Month Average | -23.891 % | £-37,029 | £117,965 |
| 6 Month Average | -6.945 % | £-10,764 | £144,230 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £374,553 | £368,000 | 16 CRASTER POINT |
| 7 Jul 2023 | £253,360 | £249,950 | 3 GOSWICK WAY |
| 22 Jul 2022 | £115,611 | £115,300 | 61 DENE WAY |
| 14 Apr 2022 | £164,768 | £160,000 | 15 GOSWICK WAY |
| 25 Feb 2022 | £466,669 | £445,000 | 5 BOULMER LEA |
This house has a floor area of 89 sq meters or 962 sq feet when measured on 20 Dec 2011. Using an estimated price of £261,806 means this house is valued at £2,926 per sq meter (£271 per sq foot).
The average size of a house on GOSWICK WAY is 76 sq meters (820 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Boulmer Lea |