£181,956
This estimated value is based upon the latest sale price for the house of £39,000 on 15 Oct 1998. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£39,000 | 15 Oct 1998 |
Semi-Detached |
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 October 1998 the House Price Index for DURHAM was 32.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 366.555%.Applying this 366.555% change to the original purchase price of £39,000 results in an estimated price of approximately £181,956.
15 Oct 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
32.1 | 149.7 | 366.555 % | £39,000 | £142,956 | £181,956 |
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 | 32.820 % | £12,799 | £51,799 |
3 Month Average | 142.132 % | £55,431 | £94,431 |
6 Month Average | 170.841 % | £66,627 | £105,627 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 May 2024 | £96,500 | £96,500 | 15 NORFOLK CLOSE |
24 Nov 2023 | £153,907 | £150,000 | 11 NORFOLK CLOSE |
20 Oct 2023 | £171,904 | £168,000 | 73 NORTHLEA ROAD |
23 Jun 2023 | £96,943 | £95,000 | 7 NORFOLK CLOSE |
5 Jan 2023 | £160,429 | £160,000 | 16 NAPIER ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 7 May 2015. Using an estimated price of £181,956 means this house is valued at £2,067 per sq meter (£192 per sq foot).
The average size of a house on NEWARK CRESCENT is 91 sq meters (985 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Newark Crescent | |
Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near North Haven |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Napier Road |
Jul 2024 | Anti-social behaviour | On or near Norfolk Close | |
May 2024 | Anti-social behaviour | On or near Norfolk Close |