£155,551
This estimated value is based upon the latest sale price for the house of £125,000 on 1 Feb 2019. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £125,000 | 1 Feb 2019 |
| £39,500 | 28 Apr 2000 |
| £34,500 | 13 Feb 1998 |
| £28,500 | 12 Jul 1996 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 February 2019 the House Price Index for DURHAM was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.441%.Applying this 24.441% change to the original purchase price of £125,000 results in an estimated price of approximately £155,551.
| 1 Feb 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.441 % | £125,000 | £30,551 | £155,551 |
The Postcode Pricing Model uses changes in average sales price within the SR7 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 | -8.749 % | £-10,936 | £114,063 |
| 3 Month Average | 32.420 % | £40,525 | £165,525 |
| 6 Month Average | 30.607 % | £38,259 | £163,259 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £116,007 | £115,000 | 53 DERWENT CLOSE |
| 20 Dec 2023 | £128,963 | £125,000 | 23 NEW DRIVE |
| 3 Nov 2023 | £137,490 | £134,000 | 23 DERWENT CLOSE |
| 27 Sep 2023 | £122,705 | £120,000 | 6 DERWENT CLOSE |
| 2 Mar 2023 | £132,208 | £130,000 | 59 DENE WAY |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 7 Dec 2018. Using an estimated price of £155,552 means this house is valued at £1,851 per sq meter (£172 per sq foot).
The average size of a house on DERWENT CLOSE is 70 sq meters (761 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Derwent Close | |
| Sep 2024 | Anti-social behaviour | On or near Derwent Close | |
| Oct 2024 | Criminal damage and arson | Local resolution | On or near Dene Way |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Dene Way |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Dene Way |