£73,182
This estimated value is based upon the latest sale price for the house of £60,000 on 20 Jan 2020. This value is then adjusted by the current Official House Price Index for DARLINGTON 1
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| Price Paid | Date |
|---|---|
| £60,000 | 20 Jan 2020 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 sq feet |
This model uses changes in the Official Land Registry House Price Index for DARLINGTON to estimate the market value.
When this house was purchased in January 2020 the House Price Index for DARLINGTON was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £60,000 results in an estimated price of approximately £73,182.
| 20 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 148.6 | 21.971 % | £60,000 | £13,182 | £73,182 |
The Postcode Pricing Model uses changes in average sales price within the DL1 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 | 44.574 % | £26,744 | £86,744 |
| 3 Month Average | 13.113 % | £7,867 | £67,867 |
| 6 Month Average | 4.935 % | £2,960 | £62,960 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £111,653 | £110,000 | 16 LANETHORPE CRESCENT |
| 28 Sep 2023 | £116,489 | £115,000 | 200 GENEVA ROAD |
| 25 Aug 2023 | £85,750 | £85,000 | 181 GENEVA ROAD |
| 31 Jul 2023 | £81,091 | £80,000 | 4 LANETHORPE CRESCENT |
| 17 Mar 2023 | £138,303 | £137,000 | 91 GENEVA ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 20 Nov 2018. Using an estimated price of £73,183 means this house is valued at £914 per sq meter (£84 per sq foot).
The average size of a house on LANETHORPE ROAD is 85 sq meters (917 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lanethorpe Road |