£226,200
This estimated value is based upon the latest sale price for the house of £210,000 on 11 Nov 2021. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £210,000 | 11 Nov 2021 |
| £185,000 | 30 Nov 2018 |
| £189,950 | 27 Sep 2013 |
| Semi-Detached |
| Leasehold |
| Floor Area: 101 sq meters or 1,087 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 November 2021 the House Price Index for COUNTY DURHAM was 137.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 7.715%.Applying this 7.715% change to the original purchase price of £210,000 results in an estimated price of approximately £226,200.
| 11 Nov 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.0 | 7.715 % | £210,000 | £16,200 | £226,200 |
The Postcode Pricing Model uses changes in average sales price within the SR7 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 | 10.596 % | £22,250 | £232,250 |
| 3 Month Average | -4.604 % | £-9,667 | £200,332 |
| 6 Month Average | -12.831 % | £-26,945 | £183,054 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £127,410 | £125,000 | 23 NEW DRIVE |
| 31 Aug 2023 | £166,010 | £165,000 | 5 MARINERS WAY |
| 17 Jul 2023 | £287,722 | £285,000 | 12 STATION ROAD |
| 24 Oct 2022 | £90,652 | £92,000 | 21 MARINERS WAY |
| 14 Oct 2022 | £172,437 | £175,000 | 45 MARINERS WAY |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 12 Nov 2013. Using an estimated price of £226,201 means this house is valued at £2,239 per sq meter (£208 per sq foot).
The average size of a house on MARINERS WAY is 79 sq meters (855 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Thornhill Reach | |
| Mar 2024 | Anti-social behaviour | On or near Thornhill Reach | |
| Feb 2024 | Anti-social behaviour | On or near Thornhill Reach | |
| Feb 2024 | Anti-social behaviour | On or near Thornhill Reach | |
| Feb 2024 | Anti-social behaviour | On or near Thornhill Reach |