£89,342
This estimated value is based upon the latest sale price for the house of £72,500 on 31 Oct 2018. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £72,500 | 31 Oct 2018 |
| £22,500 | 26 Apr 2002 |
| Terraced |
| Freehold |
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 2018 the House Price Index for DURHAM was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £72,500 results in an estimated price of approximately £89,342.
| 31 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £72,500 | £16,842 | £89,342 |
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 | 41.197 % | £29,867 | £102,367 |
| 3 Month Average | -3.147 % | £-2,281 | £70,218 |
| 6 Month Average | 8.603 % | £6,237 | £78,737 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £158,344 | £156,000 | 8 WELLFIELD ROAD |
| 24 Aug 2023 | £76,671 | £76,000 | 5 HUNTLEY AVENUE |
| 9 Aug 2023 | £75,662 | £75,000 | 42 METCALF CRESCENT |
| 17 Jul 2023 | £106,432 | £105,000 | 53 METCALF CRESCENT |
| 20 Feb 2023 | £137,907 | £138,000 | 43 GOWLAND SQUARE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Stephens Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Stephens Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Stephens Road |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Stephens Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Wetherburn Avenue |