£257,146
This estimated value is based upon the latest sale price for the house of £170,500 on 10 Oct 2014. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £170,500 | 10 Oct 2014 |
| £177,500 | 17 Aug 2007 |
| £64,550 | 25 Aug 1997 |
| Detached |
| Freehold |
| Floor Area: 114 sq meters or 1,231 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 2014 the House Price Index for DURHAM was 99.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.819%.Applying this 50.819% change to the original purchase price of £170,500 results in an estimated price of approximately £257,146.
| 10 Oct 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 149.7 | 50.819 % | £170,500 | £86,646 | £257,146 |
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 | -24.159 % | £-41,191 | £129,308 |
| 3 Month Average | -17.698 % | £-30,175 | £140,324 |
| 6 Month Average | -12.685 % | £-21,628 | £148,871 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £92,029 | £90,000 | 20 KEMP ROAD |
| 14 Apr 2023 | £73,372 | £72,000 | 21 HERTON CLOSE |
| 24 Mar 2023 | £1,269,196 | £1,248,000 | UNIT 2 ESSINGTON WAY |
| 14 Mar 2023 | £350,859 | £345,000 | 8 BURNSIDE |
| 3 Feb 2023 | £74,498 | £74,000 | 3 HERTON CLOSE |
This house has a floor area of 114 sq meters or 1,231 sq feet when measured on 25 Feb 2010. Using an estimated price of £257,146 means this house is valued at £2,247 per sq meter (£208 per sq foot).
The average size of a house on SPIRE HOLLIN is 126 sq meters (1,361 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Spire Hollin |
| Jul 2024 | Shoplifting | Awaiting court outcome | On or near Supermarket |
| Jul 2024 | Anti-social behaviour | On or near Supermarket | |
| Jul 2024 | Shoplifting | Under investigation | On or near Supermarket |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Supermarket |