£178,706
This estimated value is based upon the latest sale price for the house of £69,950 on 13 Dec 2002. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £69,950 | 13 Dec 2002 |
| £47,500 | 6 Jul 2001 |
| £30,000 | 21 Mar 2001 |
| Terraced |
| Freehold |
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 2002 the House Price Index for DURHAM was 58.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 155.477%.Applying this 155.477% change to the original purchase price of £69,950 results in an estimated price of approximately £178,706.
| 13 Dec 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 58.6 | 149.7 | 155.477 % | £69,950 | £108,756 | £178,706 |
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 | 60.300 % | £42,180 | £112,130 |
| 3 Month Average | 103.969 % | £72,726 | £142,676 |
| 6 Month Average | 79.629 % | £55,700 | £125,650 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Apr 2024 | £245,129 | £243,000 | 15 BELFORD WAY |
| 1 Sep 2023 | £148,268 | £145,000 | 16 BELFORD WAY |
| 20 May 2022 | £123,723 | £120,500 | 19 BELFORD WAY |
| 4 Feb 2022 | £195,445 | £185,000 | 28 MALVERN WAY |
| 3 Dec 2021 | £501,878 | £465,000 | 11 WILTON COURT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Belford Way |
| Jul 2024 | Anti-social behaviour | On or near Malvern Way | |
| Jul 2024 | Anti-social behaviour | On or near Malvern Way | |
| Jun 2024 | Anti-social behaviour | On or near Malvern Way | |
| Jun 2024 | Violence and sexual offences | Offender given a caution | On or near Malvern Way |