£161,490
This estimated value is based upon the latest sale price for the house of £129,950 on 7 Dec 2018. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£129,950 | 7 Dec 2018 |
£51,500 | 19 Sep 1996 |
Semi-Detached |
Freehold |
Floor Area: 83 sq meters or 893 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 December 2018 the House Price Index for DURHAM was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £129,950 results in an estimated price of approximately £161,490.
7 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.5 | 149.7 | 24.271 % | £129,950 | £31,540 | £161,490 |
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 | -50.255 % | £-65,305 | £64,644 |
3 Month Average | -4.134 % | £-5,372 | £124,577 |
6 Month Average | 0.093 % | £121 | £130,071 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Apr 2024 | £95,832 | £95,000 | 18 LAKEMORE |
29 Sep 2023 | £155,938 | £152,500 | 48 LAKEMORE |
14 Sep 2023 | £116,570 | £114,000 | 24 LAKEMORE |
3 Aug 2023 | £84,524 | £83,000 | 7 AVON ROAD |
20 Jun 2023 | £43,879 | £43,000 | 71 THAMES ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 28 Sep 2018. Using an estimated price of £161,490 means this house is valued at £1,945 per sq meter (£180 per sq foot).
The average size of a house on LAKEMORE is 73 sq meters (791 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Southway |
Jun 2024 | Anti-social behaviour | On or near Lakemore | |
Jun 2024 | Anti-social behaviour | On or near Lakemore | |
May 2024 | Violence and sexual offences | Under investigation | On or near Lakemore |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Thames Road |