£321,105
This estimated value is based upon the latest sale price for the house of £187,000 on 18 Feb 2011. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £187,000 | 18 Feb 2011 |
| £179,995 | 31 Mar 2005 |
| Detached |
| Freehold |
| Floor Area: 124 sq meters or 1,336 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 February 2011 the House Price Index for COUNTY DURHAM was 86.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.714%.Applying this 71.714% change to the original purchase price of £187,000 results in an estimated price of approximately £321,105.
| 18 Feb 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.5 | 148.6 | 71.714 % | £187,000 | £134,105 | £321,105 |
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 | 10.370 % | £19,392 | £206,392 |
| 3 Month Average | -18.394 % | £-34,396 | £152,603 |
| 6 Month Average | -2.049 % | £-3,832 | £183,167 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £374,553 | £368,000 | 16 CRASTER POINT |
| 14 Dec 2023 | £271,755 | £267,000 | 19 SOUTER DRIVE |
| 25 Jul 2023 | £192,592 | £190,000 | 7 SOUTER DRIVE |
| 6 Apr 2023 | £265,357 | £262,500 | 8 SOUTER DRIVE |
| 23 Jan 2023 | £165,769 | £166,550 | 29 SOUTER DRIVE |
This house has a floor area of 124 sq meters or 1,336 sq feet when measured on 21 Apr 2010. Using an estimated price of £321,105 means this house is valued at £2,585 per sq meter (£240 per sq foot).
The average size of a house on SOUTER DRIVE is 86 sq meters (932 sq feet).
This house is the largest in the street with a floor area of 124 sq meters (1,336 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Alnmouth Way |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Caister Close |