£141,735
This estimated value is based upon the latest sale price for the house of £91,000 on 15 May 2014. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £91,000 | 15 May 2014 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 May 2014 the House Price Index for COUNTY DURHAM was 96.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 55.753%.Applying this 55.753% change to the original purchase price of £91,000 results in an estimated price of approximately £141,735.
| 15 May 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 149.7 | 55.753 % | £91,000 | £50,735 | £141,735 |
The Postcode Pricing Model uses changes in average sales price within the DH2 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 | 39.803 % | £36,220 | £127,220 |
| 3 Month Average | 9.717 % | £8,842 | £99,842 |
| 6 Month Average | -5.328 % | £-4,848 | £86,151 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £251,381 | £245,000 | 11 GRASMERE ROAD |
| 1 Sep 2023 | £140,088 | £137,000 | 15 MENDIP AVENUE |
| 18 Aug 2022 | £236,104 | £235,000 | 6 BUTTERMERE CLOSE |
| 27 Jun 2022 | £127,730 | £125,000 | 48 MENDIP AVENUE |
| 16 Jun 2022 | £127,730 | £125,000 | 42 CUMBRIAN AVENUE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 12 Nov 2012. Using an estimated price of £141,736 means this house is valued at £1,629 per sq meter (£151 per sq foot).
The average size of a house on MENDIP AVENUE is 104 sq meters (1,124 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mendip Avenue |
| Sep 2024 | Public order | Unable to prosecute suspect | On or near Buttermere Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Buttermere Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Buttermere Close |
| Aug 2024 | Anti-social behaviour | On or near Buttermere Close |