£242,220
This estimated value is based upon the latest sale price for the house of £227,000 on 10 Dec 2021. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £227,000 | 10 Dec 2021 |
| £180,000 | 29 Nov 2019 |
| £153,500 | 21 Nov 2003 |
| Detached |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 2021 the House Price Index for DURHAM was 138.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 6.705%.Applying this 6.705% change to the original purchase price of £227,000 results in an estimated price of approximately £242,220.
| 10 Dec 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 148.0 | 6.705 % | £227,000 | £15,220 | £242,220 |
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 | -6.444 % | £-14,627 | £212,372 |
| 3 Month Average | 4.165 % | £9,455 | £236,455 |
| 6 Month Average | 3.921 % | £8,901 | £235,901 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £240,814 | £240,000 | 75 HOLWICK CLOSE |
| 24 Nov 2023 | £202,601 | £200,000 | 6 GRASSHOLME CLOSE |
| 4 Aug 2023 | £232,413 | £231,000 | 14 GRASSHOLME CLOSE |
| 30 Jun 2023 | £288,338 | £286,000 | 48 HOLWICK CLOSE |
| 15 Jun 2023 | £205,668 | £204,000 | 34 GRASSHOLME CLOSE |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 9 May 2019. Using an estimated price of £242,221 means this house is valued at £2,263 per sq meter (£210 per sq foot).
The average size of a house on GRASSHOLME CLOSE is 106 sq meters (1,144 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Middleton Close |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cotherstone Close |
| Apr 2024 | Drugs | Awaiting court outcome | On or near Cotherstone Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Holwick Close |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Mickleton Close |