£503,929
This estimated value is based upon the latest sale price for the house of £156,000 on 29 Oct 2001. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £156,000 | 29 Oct 2001 |
| Detached |
| Freehold |
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 October 2001 the House Price Index for COUNTY DURHAM was 45.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 223.032%.Applying this 223.032% change to the original purchase price of £156,000 results in an estimated price of approximately £503,929.
| 29 Oct 2001 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.8 | 148.0 | 223.032 % | £156,000 | £347,929 | £503,929 |
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 | 24.356 % | £37,995 | £193,995 |
| 3 Month Average | 67.960 % | £106,017 | £262,017 |
| 6 Month Average | 75.102 % | £117,159 | £273,159 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £132,575 | £131,500 | 42 SHINWELL DRIVE |
| 26 Aug 2022 | £124,161 | £125,000 | 16 SHINWELL DRIVE |
| 7 Apr 2022 | £348,718 | £340,000 | BYLANDS THORPE ROAD |
| 19 Nov 2021 | £107,715 | £100,000 | 7 SHINWELL DRIVE |
| 24 Sep 2021 | £107,270 | £99,950 | 19 SHINWELL DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Thorpe Road |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Thorpe Road |
| Apr 2024 | Anti-social behaviour | On or near Thorpe Road | |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Thorpe Road |
| Mar 2024 | Anti-social behaviour | On or near Thorpe Road |