£133,912
This estimated value is based upon the latest sale price for the house of £88,000 on 18 Jul 2014. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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Price Paid | Date |
---|---|
£88,000 | 18 Jul 2014 |
£77,000 | 29 Jul 2011 |
Semi-Detached |
Freehold |
Floor Area: 72 sq meters or 783 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 July 2014 the House Price Index for COUNTY DURHAM was 97.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 52.174%.Applying this 52.174% change to the original purchase price of £88,000 results in an estimated price of approximately £133,912.
18 Jul 2014 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
97.3 | 148.0 | 52.174 % | £88,000 | £45,912 | £133,912 |
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 | 51.044 % | £44,918 | £132,918 |
3 Month Average | 17.939 % | £15,786 | £103,786 |
6 Month Average | 23.740 % | £20,890 | £108,890 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £127,410 | £125,000 | 23 NEW DRIVE |
3 Nov 2023 | £135,743 | £134,000 | 23 DERWENT CLOSE |
24 Jul 2023 | £151,432 | £150,000 | 109 DENE HOUSE ROAD |
2 Mar 2023 | £130,707 | £130,000 | 59 DENE WAY |
22 Jul 2022 | £115,144 | £115,300 | 61 DENE WAY |
This house has a floor area of 72 sq meters or 783 sq feet when measured on 16 Feb 2011. Using an estimated price of £133,913 means this house is valued at £1,839 per sq meter (£170 per sq foot).
The average size of a house on DERWENT CLOSE is 70 sq meters (761 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dene Way |
Apr 2024 | Drugs | On or near Seaham (Station) | |
Mar 2024 | Violence and sexual offences | On or near Seaham (Station) | |
Mar 2024 | Violence and sexual offences | On or near Seaham (Station) | |
Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Church Green |