£94,564
This estimated value is based upon the latest sale price for the house of £76,500 on 16 May 2019. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £76,500 | 16 May 2019 |
| £85,000 | 27 Nov 2007 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 979 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 May 2019 the House Price Index for DURHAM was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.614%.Applying this 23.614% change to the original purchase price of £76,500 results in an estimated price of approximately £94,564.
| 16 May 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.6 | 23.614 % | £76,500 | £18,064 | £94,564 |
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 | -7.999 % | £-6,119 | £70,380 |
| 3 Month Average | -2.110 % | £-1,613 | £74,886 |
| 6 Month Average | 0.679 % | £519 | £77,019 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Jul 2023 | £96,296 | £95,000 | 4 LEVEN WALK |
| 7 Jun 2023 | £46,564 | £46,000 | 132 OAKERSIDE DRIVE |
| 20 Jan 2023 | £89,578 | £90,000 | 82 OAKERSIDE DRIVE |
| 12 Aug 2022 | £89,709 | £89,950 | 36 SEVERN CLOSE |
| 13 Jun 2022 | £87,233 | £86,000 | 124 OAKERSIDE DRIVE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 15 Jan 2019. Using an estimated price of £94,565 means this house is valued at £1,039 per sq meter (£96 per sq foot).
The average size of a house on SEVERN CLOSE is 94 sq meters (1,017 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Park/Open Space |
| Apr 2024 | Anti-social behaviour | On or near Park/Open Space | |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Park/Open Space |
| Mar 2024 | Anti-social behaviour | On or near Park/Open Space | |
| Mar 2024 | Anti-social behaviour | On or near Park/Open Space |