£219,996
This estimated value is based upon the latest sale price for the house of £215,000 on 27 Oct 2023. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £215,000 | 27 Oct 2023 |
| £232,000 | 27 Oct 2023 |
| £77,500 | 9 Feb 2001 |
| Detached |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 2023 the House Price Index for DURHAM was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £215,000 results in an estimated price of approximately £219,996.
| 27 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £215,000 | £4,996 | £219,996 |
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 | -23.028 % | £-49,509 | £165,490 |
| 3 Month Average | -18.314 % | £-39,375 | £175,624 |
| 6 Month Average | 0.233 % | £500 | £215,500 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £128,963 | £125,000 | 23 NEW DRIVE |
| 27 Oct 2023 | £219,997 | £215,000 | 22 THORNHILL REACH |
| 29 Sep 2023 | £224,959 | £220,000 | 37 MARINERS WAY |
| 7 Sep 2023 | £286,311 | £280,000 | 19 THORNHILL REACH |
| 24 Oct 2022 | £91,694 | £92,000 | 21 MARINERS WAY |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 4 Oct 2019. Using an estimated price of £219,997 means this house is valued at £1,946 per sq meter (£180 per sq foot).
The average size of a house on THORNHILL REACH is 111 sq meters (1,195 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Possession of weapons | Under investigation | On or near Thornhill Reach |
| Jul 2024 | Anti-social behaviour | On or near Thornhill Reach | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Seaham |
| Jun 2024 | Vehicle crime | Unable to prosecute suspect | On or near Mariners Way |