£73,952
This estimated value is based upon the latest sale price for the house of £70,000 on 28 Feb 2022. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £70,000 | 28 Feb 2022 |
| £75,000 | 15 Feb 2008 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 February 2022 the House Price Index for DURHAM was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £70,000 results in an estimated price of approximately £73,952.
| 28 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £70,000 | £3,952 | £73,952 |
The Postcode Pricing Model uses changes in average sales price within the DH9 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 | -6.853 % | £-4,797 | £65,202 |
| 3 Month Average | 0.457 % | £319 | £70,319 |
| 6 Month Average | 8.646 % | £6,052 | £76,052 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 May 2024 | £85,000 | £85,000 | 50 HEATHER WAY |
| 7 May 2024 | £85,000 | £85,000 | 67 HEATHER WAY |
| 20 Oct 2023 | £77,766 | £76,000 | 17 HEATHER WAY |
| 20 Oct 2023 | £83,394 | £81,500 | 21 EVELYN TERRACE |
| 10 Oct 2023 | £15,349 | £15,000 | MY WAY CONISCLIFFE ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 23 May 2013. Using an estimated price of £73,952 means this house is valued at £840 per sq meter (£78 per sq foot).
The average size of a house on HEATHER WAY is 92 sq meters (992 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Public order | Under investigation | On or near Heather Way |
| Sep 2024 | Drugs | Under investigation | On or near Heather Way |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Heather Way |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Bracken Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bracken Close |