£252,614
This estimated value is based upon the latest sale price for the house of £205,000 on 9 Nov 2018. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £205,000 | 9 Nov 2018 |
| £157,000 | 24 May 2013 |
| £134,000 | 13 Aug 2003 |
| £82,000 | 24 Nov 1999 |
| Detached |
| Freehold |
| Floor Area: 96 sq meters or 1,039 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 2018 the House Price Index for COUNTY DURHAM was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £205,000 results in an estimated price of approximately £252,614.
| 9 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £205,000 | £47,614 | £252,614 |
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 | 15.493 % | £31,760 | £236,760 |
| 3 Month Average | -5.305 % | £-10,875 | £194,124 |
| 6 Month Average | 6.684 % | £13,702 | £218,702 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £127,226 | £125,000 | 23 NEW DRIVE |
| 29 Sep 2023 | £222,849 | £220,000 | 37 MARINERS WAY |
| 7 Sep 2023 | £283,626 | £280,000 | 19 THORNHILL REACH |
| 31 Aug 2023 | £166,456 | £165,000 | 5 MARINERS WAY |
| 17 Jul 2023 | £288,888 | £285,000 | 12 STATION ROAD |
This house has a floor area of 96 sq meters or 1,039 sq feet when measured on 17 Feb 2009. Using an estimated price of £252,614 means this house is valued at £2,615 per sq meter (£242 per sq foot).
The average size of a house on THORNHILL REACH is 111 sq meters (1,198 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| 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 | |
| Jan 2024 | Anti-social behaviour | On or near Thornhill Reach | |
| Jan 2024 | Anti-social behaviour | On or near Thornhill Reach |