£273,827
This estimated value is based upon the latest sale price for the house of £48,000 on 24 Nov 1995. This value is then adjusted by the current Official House Price Index for DURHAM 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £48,000 | 24 Nov 1995 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 November 1995 the House Price Index for DURHAM was 26.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 470.474%.Applying this 470.474% change to the original purchase price of £48,000 results in an estimated price of approximately £273,827.
| 24 Nov 1995 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.0 | 148.6 | 470.474 % | £48,000 | £225,827 | £273,827 |
The Postcode Pricing Model uses changes in average sales price within the DL5 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 | 228.940 % | £109,890 | £157,890 |
| 3 Month Average | 162.321 % | £77,913 | £125,913 |
| 6 Month Average | 148.050 % | £71,064 | £119,064 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £165,000 | £165,000 | 17 JESMOND COURT |
| 30 Jun 2023 | £128,557 | £127,000 | 5 JESMOND COURT |
| 16 Jun 2023 | £197,660 | £195,000 | 51 CHESTNUT WAY |
| 16 Jun 2023 | £151,789 | £149,950 | 21 JESMOND COURT |
| 3 Mar 2023 | £257,425 | £255,000 | 6 WYNYARD COURT |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 28 Apr 2015. Using an estimated price of £273,827 means this house is valued at £3,510 per sq meter (£326 per sq foot).
The average size of a house on ELWICK AVENUE is 98 sq meters (1,057 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Claxton Court | |
| Mar 2024 | Anti-social behaviour | On or near Claxton Court | |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Claxton Court |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Middridge Road |
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Middridge Road |