£74,401
This estimated value is based upon the latest sale price for the house of £61,000 on 28 Jun 2019. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £61,000 | 28 Jun 2019 |
| 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 COUNTY DURHAM to estimate the market value.
When this house was purchased in June 2019 the House Price Index for COUNTY DURHAM was 120.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.969%.Applying this 21.969% change to the original purchase price of £61,000 results in an estimated price of approximately £74,401.
| 28 Jun 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 146.7 | 21.969 % | £61,000 | £13,401 | £74,401 |
The Postcode Pricing Model uses changes in average sales price within the DH8 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 | -12.061 % | £-7,357 | £53,642 |
| 3 Month Average | 8.677 % | £5,292 | £66,292 |
| 6 Month Average | 20.768 % | £12,668 | £73,668 |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 21 Feb 2019.
The average size of a house on NEWLANDS is 71 sq meters (772 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Moorlands |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newlands |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Princess Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Ashby Lane |
| Mar 2024 | Burglary | Unable to prosecute suspect | On or near York Road |