£164,000
This estimated value is based upon the latest sale price for the house of £128,000 on 2 Jun 2017. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £128,000 | 2 Jun 2017 |
| £112,000 | 11 Dec 2009 |
| £102,000 | 26 Oct 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 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 June 2017 the House Price Index for COUNTY DURHAM was 116.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.126%.Applying this 28.126% change to the original purchase price of £128,000 results in an estimated price of approximately £164,000.
| 2 Jun 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 148.6 | 28.126 % | £128,000 | £36,000 | £164,000 |
The Postcode Pricing Model uses changes in average sales price within the DL5 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 | 52.333 % | £66,986 | £194,986 |
| 3 Month Average | 17.412 % | £22,286 | £150,286 |
| 6 Month Average | 18.193 % | £23,286 | £151,286 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Sep 2023 | £111,425 | £110,000 | 40 SHARP ROAD |
| 21 Aug 2023 | £53,468 | £53,000 | 24 BEDE CRESCENT |
| 28 Jul 2023 | £162,183 | £160,000 | 28 GREVILLE WAY |
| 24 Feb 2023 | £91,938 | £92,000 | 9 BEDE CRESCENT |
| 17 Feb 2023 | £124,916 | £125,000 | 4 LUMLEY CLOSE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 10 Jun 2013. Using an estimated price of £164,001 means this house is valued at £1,863 per sq meter (£173 per sq foot).
The average size of a house on GREVILLE WAY is 100 sq meters (1,085 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Under investigation | On or near Crewe Road |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Crewe Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Bede Crescent |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sharp Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Sharp Road |