£308,333
This estimated value is based upon the latest sale price for the house of £185,000 on 24 May 2013. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £185,000 | 24 May 2013 |
| £119,950 | 6 Nov 2003 |
| Detached |
| Freehold |
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 2013 the House Price Index for COUNTY DURHAM was 88.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 66.667%.Applying this 66.667% change to the original purchase price of £185,000 results in an estimated price of approximately £308,333.
| 24 May 2013 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 148.0 | 66.667 % | £185,000 | £123,333 | £308,333 |
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 | -27.411 % | £-50,710 | £134,289 |
| 3 Month Average | -18.828 % | £-34,831 | £150,168 |
| 6 Month Average | -10.666 % | £-19,732 | £165,267 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £56,061 | £55,000 | 4 SCHOOL STREET |
| 8 Dec 2023 | £234,435 | £230,000 | 28 BRIARDENE WAY |
| 17 Nov 2023 | £243,121 | £240,000 | 33 BRIARDENE WAY |
| 10 Feb 2023 | £39,812 | £40,000 | 4 SEASIDE LANE SOUTH |
| 13 Sep 2022 | £210,935 | £213,500 | 12 HILLVIEW GROVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Hillview Grove |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Hillview Grove |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Welfare Close |
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Briardene Way |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Welfare Close |