£173,073
This estimated value is based upon the latest sale price for the house of £105,000 on 30 Oct 2013. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £105,000 | 30 Oct 2013 |
| £41,000 | 13 Oct 1999 |
| Detached |
| Freehold |
| Floor Area: 80 sq meters or 861 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 2013 the House Price Index for DURHAM was 90.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 64.832%.Applying this 64.832% change to the original purchase price of £105,000 results in an estimated price of approximately £173,073.
| 30 Oct 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.8 | 149.7 | 64.832 % | £105,000 | £68,073 | £173,073 |
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 | -21.824 % | £-22,915 | £82,084 |
| 3 Month Average | -8.568 % | £-8,996 | £96,003 |
| 6 Month Average | -4.188 % | £-4,397 | £100,602 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Feb 2023 | £84,565 | £84,000 | 4 MEDWAY CLOSE |
| 2 Aug 2022 | £65,305 | £65,000 | 62 WELLAND CLOSE |
| 1 Jul 2022 | £50,506 | £50,000 | 1 TEES CLOSE |
| 19 Nov 2021 | £72,998 | £67,000 | 6 MEDWAY CLOSE |
| 28 Oct 2021 | £55,733 | £50,000 | 43 SKERNE CLOSE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 19 Jul 2012. Using an estimated price of £173,073 means this house is valued at £2,163 per sq meter (£200 per sq foot).
The average size of a house on SKERNE CLOSE is 95 sq meters (1,033 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Skerne Close | |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tees Close |