£255,603
This estimated value is based upon the latest sale price for the house of £190,000 on 31 Mar 2016. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £190,000 | 31 Mar 2016 |
| Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 March 2016 the House Price Index for COUNTY DURHAM was 110.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 34.528%.Applying this 34.528% change to the original purchase price of £190,000 results in an estimated price of approximately £255,603.
| 31 Mar 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.0 | 34.528 % | £190,000 | £65,603 | £255,603 |
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 | 27.298 % | £51,865 | £241,865 |
| 3 Month Average | 17.398 % | £33,057 | £223,057 |
| 6 Month Average | 4.528 % | £8,603 | £198,603 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £71,241 | £71,000 | 70 NEVILLE ROAD |
| 7 Nov 2022 | £186,968 | £190,000 | 10 WOODFIELD |
| 23 May 2022 | £143,128 | £141,000 | 53 SPRINGBANK |
| 11 Mar 2022 | £134,170 | £130,000 | 43 STAINTON WAY |
| 1 Oct 2021 | £148,771 | £135,000 | 22 SPRINGBANK |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 21 Mar 2016. Using an estimated price of £255,604 means this house is valued at £2,282 per sq meter (£212 per sq foot).
The average size of a house on SPRINGBANK is 85 sq meters (923 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Springbank |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Springbank |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Springbank |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Stainton Way |
| Jan 2024 | Public order | Awaiting court outcome | On or near Stainton Way |