£84,255
This estimated value is based upon the latest sale price for the house of £69,000 on 10 Aug 2018. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £69,000 | 10 Aug 2018 |
| £37,850 | 4 May 2001 |
| £31,500 | 12 Apr 1999 |
| £19,300 | 15 Mar 1999 |
| Terraced |
| 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 August 2018 the House Price Index for DURHAM was 120.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 22.109%.Applying this 22.109% change to the original purchase price of £69,000 results in an estimated price of approximately £84,255.
| 10 Aug 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 146.7 | 22.109 % | £69,000 | £15,255 | £84,255 |
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 | 32.445 % | £22,387 | £91,387 |
| 3 Month Average | 4.799 % | £3,311 | £72,311 |
| 6 Month Average | 11.424 % | £7,882 | £76,882 |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 27 Sep 2012.
The average size of a house on WELLAND CLOSE is 92 sq meters (997 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Welland Close |
| Dec 2023 | Anti-social behaviour | On or near Welland Close | |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Welland Close |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Welland Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Welland Close |