£216,832
This estimated value is based upon the latest sale price for the house of £158,000 on 8 Jan 2016. This value is then adjusted by the current Official House Price Index for DURHAM 1
There has been one burglary within the last year on or near Richmond Road
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| Price Paid | Date |
|---|---|
| £158,000 | 8 Jan 2016 |
| £143,000 | 10 May 2006 |
| 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 January 2016 the House Price Index for DURHAM was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £158,000 results in an estimated price of approximately £216,832.
| 8 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £158,000 | £58,832 | £216,832 |
The Postcode Pricing Model uses changes in average sales price within the DH1 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 | 33.492 % | £52,917 | £210,917 |
| 3 Month Average | 18.281 % | £28,883 | £186,883 |
| 6 Month Average | 17.550 % | £27,729 | £185,729 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £45,292 | £44,500 | 12 MIDDLEHAM ROAD |
| 25 Sep 2023 | £263,367 | £260,000 | 3 NORHAM ROAD |
| 7 Jul 2023 | £106,432 | £105,000 | 39 MIDDLEHAM ROAD |
| 7 Jul 2023 | £106,432 | £105,000 | GARAGE 39 MIDDLEHAM ROAD |
| 26 Apr 2023 | £61,664 | £61,000 | 9 RICHMOND COURT |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 12 Jan 2015. Using an estimated price of £216,832 means this house is valued at £2,612 per sq meter (£242 per sq foot).
The average size of a house on RICHMOND ROAD is 103 sq meters (1,112 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Under investigation | On or near Richmond Road |
| Jan 2024 | Other crime | Further investigation is not in the public interest | On or near Richmond Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Richmond Road |
| Dec 2023 | Violence and sexual offences | Further investigation is not in the public interest | On or near Richmond Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Helmsley Road |