£124,250
This estimated value is based upon the latest sale price for the house of £38,950 on 18 Dec 2001. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £38,950 | 18 Dec 2001 |
| Terraced |
| Freehold |
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 2001 the House Price Index for DURHAM was 46.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 218.999%.Applying this 218.999% change to the original purchase price of £38,950 results in an estimated price of approximately £124,250.
| 18 Dec 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 46.9 | 149.7 | 218.999 % | £38,950 | £85,300 | £124,250 |
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 | 68.257 % | £26,585 | £65,535 |
| 3 Month Average | 72.701 % | £28,317 | £67,267 |
| 6 Month Average | 86.526 % | £33,702 | £72,652 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £69,640 | £67,500 | 25 CLEVELAND PLACE |
| 17 Nov 2023 | £87,214 | £85,000 | 27 MALVERN CLOSE |
| 16 Nov 2023 | £81,058 | £79,000 | 9 BLACKDOWN CLOSE |
| 27 Oct 2023 | £92,092 | £90,000 | 39 CLEVELAND PLACE |
| 19 Jun 2023 | £92,861 | £91,000 | 42 QUANTOCK PLACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Other theft | Unable to prosecute suspect | On or near Quantock Place |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Pennine Drive |
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Mendip Close |
| Jun 2024 | Other crime | Under investigation | On or near Mendip Close |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mendip Close |