£221,291
This estimated value is based upon the latest sale price for the house of £185,000 on 30 Sep 2020. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £185,000 | 30 Sep 2020 |
| £172,500 | 18 Oct 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 September 2020 the House Price Index for COUNTY DURHAM was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £185,000 results in an estimated price of approximately £221,291.
| 30 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 149.7 | 19.617 % | £185,000 | £36,291 | £221,291 |
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 | -19.734 % | £-36,507 | £148,492 |
| 3 Month Average | 9.311 % | £17,224 | £202,224 |
| 6 Month Average | -0.463 % | £-857 | £184,142 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 May 2024 | £110,000 | £110,000 | 41 GREVILLE WAY |
| 27 Oct 2023 | £168,835 | £165,000 | 51 BEWICK CRESCENT |
| 26 Sep 2023 | £112,480 | £110,000 | 40 SHARP ROAD |
| 21 Apr 2023 | £191,074 | £187,500 | 15 CHURCH CLOSE |
| 17 Feb 2023 | £125,841 | £125,000 | 4 LUMLEY CLOSE |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 20 Jul 2017. Using an estimated price of £221,292 means this house is valued at £2,068 per sq meter (£192 per sq foot).
The average size of a house on SHERATON ROAD is 92 sq meters (992 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Lumley Close | |
| Apr 2024 | Violence and sexual offences | Further investigation is not in the public interest | On or near Lumley Close |
| Apr 2024 | Anti-social behaviour | On or near Lumley Close | |
| Apr 2024 | Anti-social behaviour | On or near Lumley Close | |
| Apr 2024 | Anti-social behaviour | On or near Lumley Close |