£70,037
This estimated value is based upon the latest sale price for the house of £58,000 on 22 May 2020. This value is then adjusted by the current Official House Price Index for DURHAM 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £58,000 | 22 May 2020 |
| £58,000 | 22 May 2020 |
| £75,000 | 13 Apr 2006 |
| £29,000 | 19 Oct 2001 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 May 2020 the House Price Index for DURHAM was 121.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 20.754%.Applying this 20.754% change to the original purchase price of £58,000 results in an estimated price of approximately £70,037.
| 22 May 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 146.7 | 20.754 % | £58,000 | £12,037 | £70,037 |
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 | 77.277 % | £44,820 | £102,820 |
| 3 Month Average | 32.109 % | £18,623 | £76,623 |
| 6 Month Average | 15.773 % | £9,148 | £67,148 |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 26 Jul 2017.
The average size of a house on WELLAND CLOSE is 94 sq meters (1,012 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Welland Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Welland Close |
| Dec 2023 | Anti-social behaviour | On or near Welland Close | |
| Dec 2023 | Anti-social behaviour | On or near Welland Close | |
| Dec 2023 | Anti-social behaviour | On or near Welland Close |