£291,938
This estimated value is based upon the latest sale price for the house of £51,000 on 7 Dec 1995. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £51,000 | 7 Dec 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 63 sq meters or 678 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 1995 the House Price Index for DURHAM was 26.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 472.429%.Applying this 472.429% change to the original purchase price of £51,000 results in an estimated price of approximately £291,938.
| 7 Dec 1995 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.2 | 149.7 | 472.429 % | £51,000 | £240,938 | £291,938 |
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 | 59.215 % | £30,199 | £81,199 |
| 3 Month Average | 101.671 % | £51,851 | £102,851 |
| 6 Month Average | 110.235 % | £56,219 | £107,219 |
| 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 63 sq meters or 678 sq feet when measured on 15 Nov 2013. Using an estimated price of £291,939 means this house is valued at £4,633 per sq meter (£430 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 |