£73,285
This estimated value is based upon the latest sale price for the house of £59,500 on 18 Apr 2019. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £59,500 | 18 Apr 2019 |
| Terraced |
| Freehold |
| Floor Area: 61 sq meters or 656 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 April 2019 the House Price Index for COUNTY DURHAM was 120.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.169%.Applying this 23.169% change to the original purchase price of £59,500 results in an estimated price of approximately £73,285.
| 18 Apr 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.0 | 23.169 % | £59,500 | £13,785 | £73,285 |
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 | -14.399 % | £-8,567 | £50,932 |
| 3 Month Average | -6.567 % | £-3,907 | £55,592 |
| 6 Month Average | 13.165 % | £7,833 | £67,333 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £115,483 | £114,000 | 21 MILLDALE |
| 3 Mar 2023 | £100,041 | £99,500 | 2 MELROSE CRESCENT |
| 17 Feb 2023 | £74,647 | £75,000 | 6 WINSLOW CRESCENT |
| 11 Jul 2022 | £71,903 | £72,000 | 15 DOVEDALE COURT |
| 20 May 2022 | £126,886 | £125,000 | 23 MILLDALE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 18 Jun 2018. Using an estimated price of £73,285 means this house is valued at £1,201 per sq meter (£111 per sq foot).
The average size of a house on MELROSE CRESCENT is 80 sq meters (869 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Melrose Crescent |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Milldale |
| Apr 2024 | Shoplifting | Unable to prosecute suspect | On or near Milldale |
| Apr 2024 | Shoplifting | Under investigation | On or near Milldale |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Milldale |