£165,832
This estimated value is based upon the latest sale price for the house of £30,000 on 14 Oct 1996. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£30,000 | 14 Oct 1996 |
Terraced |
Freehold |
Floor Area: 121 sq meters or 1,302 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 October 1996 the House Price Index for DURHAM was 27.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 452.776%.Applying this 452.776% change to the original purchase price of £30,000 results in an estimated price of approximately £165,832.
14 Oct 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
27.1 | 149.7 | 452.776 % | £30,000 | £135,832 | £165,832 |
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 | 86.537 % | £25,961 | £55,961 |
3 Month Average | 94.697 % | £28,408 | £58,408 |
6 Month Average | 97.405 % | £29,221 | £59,221 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Apr 2024 | £95,832 | £95,000 | 18 LAKEMORE |
29 Sep 2023 | £155,938 | £152,500 | 48 LAKEMORE |
14 Sep 2023 | £116,570 | £114,000 | 24 LAKEMORE |
3 Aug 2023 | £84,524 | £83,000 | 7 AVON ROAD |
20 Jun 2023 | £43,879 | £43,000 | 71 THAMES ROAD |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 1 Oct 2013. Using an estimated price of £165,833 means this house is valued at £1,370 per sq meter (£127 per sq foot).
The average size of a house on LAKEMORE is 73 sq meters (791 sq feet).
This house is the largest in the street with a floor area of 121 sq meters (1,302 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Southway |
Jun 2024 | Anti-social behaviour | On or near Lakemore | |
Jun 2024 | Anti-social behaviour | On or near Lakemore | |
May 2024 | Violence and sexual offences | Under investigation | On or near Lakemore |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Thames Road |