£108,020
This estimated value is based upon the latest sale price for the house of £106,000 on 21 Apr 2023. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £106,000 | 21 Apr 2023 |
| £45,950 | 23 Aug 2002 |
| £34,500 | 30 Aug 1996 |
| Terraced |
| Freehold |
| Floor Area: 48 sq meters or 516 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 April 2023 the House Price Index for DURHAM was 146.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.906%.Applying this 1.906% change to the original purchase price of £106,000 results in an estimated price of approximately £108,020.
| 21 Apr 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.9 | 149.7 | 1.906 % | £106,000 | £2,020 | £108,020 |
The Postcode Pricing Model uses changes in average sales price within the DH8 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 | -30.652 % | £-32,491 | £73,508 |
| 3 Month Average | 7.089 % | £7,514 | £113,514 |
| 6 Month Average | 0.051 % | £54 | £106,054 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £169,199 | £164,000 | 5 CHARTWELL PLACE |
| 21 Apr 2023 | £108,020 | £106,000 | 269 MEDOMSLEY ROAD |
| 6 Apr 2023 | £81,525 | £80,000 | 257 MEDOMSLEY ROAD |
| 31 Mar 2023 | £69,155 | £68,000 | 8 ALLISON STREET |
| 6 Mar 2023 | £106,783 | £105,000 | 263 MEDOMSLEY ROAD |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 27 Oct 2014. Using an estimated price of £108,020 means this house is valued at £2,250 per sq meter (£209 per sq foot).
The average size of a house on MEDOMSLEY ROAD is 108 sq meters (1,169 sq feet).
This house is the smallest in the street with a floor area of 48 sq meters (516 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Bright Street |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bright Street |
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Balfour Street |
| May 2024 | Drugs | Awaiting court outcome | On or near B6308 |
| Apr 2024 | Anti-social behaviour | On or near B6308 |