£68,709
This estimated value is based upon the latest sale price for the house of £23,000 on 9 Apr 2002. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £23,000 | 9 Apr 2002 |
| £35,000 | 15 Dec 2000 |
| Terraced |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 April 2002 the House Price Index for DURHAM was 49.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 198.739%.Applying this 198.739% change to the original purchase price of £23,000 results in an estimated price of approximately £68,709.
| 9 Apr 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.7 | 148.6 | 198.739 % | £23,000 | £45,709 | £68,709 |
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 | 52.189 % | £12,003 | £35,003 |
| 3 Month Average | 75.407 % | £17,343 | £40,343 |
| 6 Month Average | 100.181 % | £23,041 | £46,041 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £50,840 | £49,950 | 24 ELM TERRACE |
| 6 Nov 2023 | £60,902 | £60,000 | 79 THIRD STREET |
| 13 Sep 2023 | £28,616 | £28,250 | 10 SEYMOUR STREET |
| 21 Jul 2023 | £38,468 | £37,950 | 127 THIRD STREET |
| 14 Jun 2023 | £73,895 | £73,000 | 128 THIRD STREET |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 27 Sep 2014. Using an estimated price of £68,710 means this house is valued at £738 per sq meter (£68 per sq foot).
The average size of a house on COTSFORD LANE is 105 sq meters (1,130 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rogers Close |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Rogers Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Murray Street |
| Jan 2024 | Other theft | Under investigation | On or near Seymour Street |