£140,508
This estimated value is based upon the latest sale price for the house of £115,000 on 19 Dec 2019. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£115,000 | 19 Dec 2019 |
£36,500 | 18 Feb 2000 |
Semi-Detached |
Freehold |
Floor Area: 97 sq meters or 1,044 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 December 2019 the House Price Index for DURHAM was 121.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.181%.Applying this 22.181% change to the original purchase price of £115,000 results in an estimated price of approximately £140,508.
19 Dec 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 148.0 | 22.181 % | £115,000 | £25,508 | £140,508 |
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 | 58.004 % | £66,704 | £181,704 |
3 Month Average | 16.180 % | £18,607 | £133,607 |
6 Month Average | 3.262 % | £3,751 | £118,751 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Dec 2023 | £157,989 | £155,000 | 11 NORFOLK CLOSE |
23 Jun 2023 | £95,777 | £95,000 | 7 NORFOLK CLOSE |
3 Feb 2023 | £159,247 | £160,000 | 28 NORTHLEA ROAD |
5 Jan 2023 | £158,607 | £160,000 | 16 NAPIER ROAD |
7 Jun 2022 | £111,126 | £110,000 | 5 NORTHWOOD ROAD |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 6 Nov 2014. Using an estimated price of £140,508 means this house is valued at £1,448 per sq meter (£134 per sq foot).
The average size of a house on NEWARK CRESCENT is 91 sq meters (985 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Other crime | Further investigation is not in the public interest | On or near Northwood Road |
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Northwood Road |
Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Northwood Road |
Apr 2024 | Anti-social behaviour | On or near Normanby Close | |
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Normanby Close |