£216,216
This estimated value is based upon the latest sale price for the house of £175,000 on 29 Nov 2019. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £175,000 | 29 Nov 2019 |
| £134,995 | 4 Dec 2014 |
| £159,450 | 23 Feb 2006 |
| Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 November 2019 the House Price Index for DURHAM was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £175,000 results in an estimated price of approximately £216,216.
| 29 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £175,000 | £41,216 | £216,216 |
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 | -29.732 % | £-52,031 | £122,968 |
| 3 Month Average | -2.597 % | £-4,545 | £170,454 |
| 6 Month Average | -2.662 % | £-4,659 | £170,340 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £300,000 | £300,000 | 113 DAPHNE CRESCENT |
| 29 Apr 2022 | £191,923 | £185,000 | 34 CHESTNUT WAY |
| 24 Jan 2022 | £224,762 | £212,000 | 41 REDWOOD |
| 13 Dec 2021 | £97,084 | £89,950 | 82 PARKSIDE CRESCENT |
| 13 Sep 2021 | £265,964 | £245,000 | 14 CHERRY GROVE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 30 May 2014. Using an estimated price of £216,217 means this house is valued at £2,402 per sq meter (£223 per sq foot).
The average size of a house on CHESTNUT WAY is 98 sq meters (1,063 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other crime | Further investigation is not in the public interest | On or near Cherry Grove |
| Jun 2024 | Public order | Unable to prosecute suspect | On or near Cherry Grove |
| Jun 2024 | Anti-social behaviour | On or near Cherry Grove | |
| Jun 2024 | Anti-social behaviour | On or near Cherry Grove | |
| Jun 2024 | Public order | Investigation complete; no suspect identified | On or near Chestnut Way |