£118,695
This estimated value is based upon the latest sale price for the house of £68,000 on 17 May 2006. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £68,000 | 17 May 2006 |
| £65,000 | 24 Jun 2005 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 May 2006 the House Price Index for DURHAM was 85.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 74.552%.Applying this 74.552% change to the original purchase price of £68,000 results in an estimated price of approximately £118,695.
| 17 May 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.1 | 148.6 | 74.552 % | £68,000 | £50,695 | £118,695 |
The Postcode Pricing Model uses changes in average sales price within the DL5 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 | 23.741 % | £16,144 | £84,144 |
| 3 Month Average | 10.711 % | £7,283 | £75,283 |
| 6 Month Average | 11.801 % | £8,024 | £76,024 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £72,067 | £71,000 | 235 ASKRIGG CLOSE |
| 28 Sep 2023 | £70,907 | £70,000 | 213 AIRTON PLACE |
| 18 Aug 2023 | £55,485 | £55,000 | 187 MARRICK CLOSE |
| 9 Aug 2023 | £47,415 | £47,000 | 112 PATELEY CLOSE |
| 14 Jul 2023 | £65,887 | £65,000 | 199 AIRTON PLACE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 8 Jan 2020. Using an estimated price of £118,695 means this house is valued at £1,333 per sq meter (£123 per sq foot).
The average size of a house on REETH PLACE is 102 sq meters (1,099 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Reeth Place | |
| Apr 2024 | Criminal damage and arson | Local resolution | On or near Reeth Place |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Reeth Place |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Rylstone Close |
| Apr 2024 | Burglary | Under investigation | On or near Rylstone Close |