£614,322
This estimated value is based upon the latest sale price for the house of £498,000 on 17 Dec 2018. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £498,000 | 17 Dec 2018 |
| £450,000 | 5 Mar 2015 |
| Freehold |
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 December 2018 the House Price Index for COUNTY DURHAM was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £498,000 results in an estimated price of approximately £614,322.
| 17 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £498,000 | £116,322 | £614,322 |
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 | -51.413 % | £-256,038 | £241,961 |
| 3 Month Average | -11.809 % | £-58,808 | £439,191 |
| 6 Month Average | -1.854 % | £-9,232 | £488,767 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £60,305 | £59,250 | 130 WESTMORLAND RISE |
| 15 Nov 2023 | £88,307 | £87,000 | 16 STAFFORD PLACE |
| 14 Jul 2023 | £78,050 | £77,000 | 41 CHESTER PLACE |
| 13 Jul 2023 | £73,489 | £72,500 | 21 STAFFORD PLACE |
| 13 Feb 2023 | £68,954 | £69,000 | 14 STAFFORD PLACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Under investigation | On or near Pease Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Pease Road |
| Apr 2024 | Other theft | Under investigation | On or near Chester Place |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Chester Place |
| Mar 2024 | Anti-social behaviour | On or near Chester Place |