£55,833
This estimated value is based upon the latest sale price for the house of £35,000 on 18 Feb 2014. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £35,000 | 18 Feb 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 69 sq meters or 742 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 February 2014 the House Price Index for COUNTY DURHAM was 93.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.525%.Applying this 59.525% change to the original purchase price of £35,000 results in an estimated price of approximately £55,833.
| 18 Feb 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 149.7 | 59.525 % | £35,000 | £20,833 | £55,833 |
The Postcode Pricing Model uses changes in average sales price within the SR8 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 | 72.127 % | £25,244 | £60,244 |
| 3 Month Average | 35.339 % | £12,368 | £47,368 |
| 6 Month Average | -0.563 % | £-196 | £34,803 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jun 2024 | £50,000 | £50,000 | PETERLEE SPORTS & SOCIAL CLUB ELLISON ROAD |
| 26 Apr 2024 | £98,354 | £97,500 | 5 RYDAL CRESCENT |
| 22 Aug 2023 | £79,433 | £78,000 | 14 RYDAL CRESCENT |
| 1 Jun 2023 | £117,351 | £114,999 | 29 RYDAL CRESCENT |
| 1 Jun 2023 | £102,044 | £99,999 | 81 CHAPEL HILL ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 31 Jan 2014. Using an estimated price of £55,834 means this house is valued at £809 per sq meter (£75 per sq foot).
The average size of a house on RYDAL CRESCENT is 90 sq meters (974 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Public order | Unable to prosecute suspect | On or near Rydal Crescent |
| Aug 2024 | Other theft | Under investigation | On or near Rydal Crescent |
| Oct 2024 | Public order | Unable to prosecute suspect | On or near Grasmere Road |
| Oct 2024 | Public order | Further investigation is not in the public interest | On or near Keswick Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Keswick Road |