£380,898
This estimated value is based upon the latest sale price for the house of £315,000 on 30 Jul 2020. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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Price Paid | Date |
---|---|
£315,000 | 30 Jul 2020 |
£249,950 | 11 Aug 2014 |
Detached |
Freehold |
Floor Area: 125 sq meters or 1,345 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 July 2020 the House Price Index for COUNTY DURHAM was 122.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.920%.Applying this 20.920% change to the original purchase price of £315,000 results in an estimated price of approximately £380,898.
30 Jul 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.9 | 148.6 | 20.920 % | £315,000 | £65,898 | £380,898 |
The Postcode Pricing Model uses changes in average sales price within the DH1 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 | -45.344 % | £-142,832 | £172,167 |
3 Month Average | 9.119 % | £28,723 | £343,723 |
6 Month Average | 5.639 % | £17,764 | £332,764 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Aug 2023 | £312,736 | £310,000 | 9 FIELDHOUSE LANE |
18 Aug 2023 | £471,626 | £467,500 | 41 FIELDHOUSE LANE |
2 Jun 2023 | £703,522 | £695,000 | WELLSPRINGS, 4 SPRINGFIELD PARK |
28 Apr 2023 | £512,013 | £506,500 | 7 SPRINGFIELD PARK |
27 Jan 2023 | £377,223 | £379,000 | 18A SPRINGWELL AVENUE |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 11 Jan 2020. Using an estimated price of £380,899 means this house is valued at £3,047 per sq meter (£283 per sq foot).
The average size of a house on SPRINGWELL AVENUE is 133 sq meters (1,439 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Public order | Unable to prosecute suspect | On or near Marwood Park |
Mar 2024 | Burglary | Under investigation | On or near The Crescent |
Feb 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near The Crescent |
Feb 2024 | Violence and sexual offences | Further investigation is not in the public interest | On or near The Crescent |
Jan 2024 | Violence and sexual offences | Under investigation | On or near The Crescent |