£307,393
This estimated value is based upon the latest sale price for the house of £164,995 on 27 May 2005. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £164,995 | 27 May 2005 |
| £80,950 | 24 Aug 2001 |
| Detached |
| Freehold |
| Floor Area: 101 sq meters or 1,092 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 2005 the House Price Index for DURHAM was 80.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 86.305%.Applying this 86.305% change to the original purchase price of £164,995 results in an estimated price of approximately £307,393.
| 27 May 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.4 | 149.7 | 86.305 % | £164,995 | £142,398 | £307,393 |
The Postcode Pricing Model uses changes in average sales price within the DL5 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 | 10.644 % | £17,561 | £182,556 |
| 3 Month Average | 35.703 % | £58,908 | £223,903 |
| 6 Month Average | 18.098 % | £29,860 | £194,855 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Oct 2023 | £133,021 | £130,000 | 10 RADDIVE CLOSE |
| 1 Sep 2023 | £135,998 | £133,000 | 5 RADDIVE CLOSE |
| 2 Mar 2023 | £183,057 | £180,000 | 10 THWAITES CLOSE |
| 13 Feb 2023 | £206,379 | £205,000 | 43 ALVERTON DRIVE |
| 9 Sep 2022 | £144,903 | £145,000 | 5 TEMPLE WAY |
This house has a floor area of 101 sq meters or 1,092 sq feet when measured on 16 Mar 2011. Using an estimated price of £307,394 means this house is valued at £3,027 per sq meter (£281 per sq foot).
The average size of a house on SPOONER CLOSE is 179 sq meters (1,934 sq feet).
This house is the smallest in the street with a floor area of 101 sq meters (1,092 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Alverton Drive |
| May 2024 | Public order | Unable to prosecute suspect | On or near Alverton Drive |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Alverton Drive |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Alverton Drive |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Alverton Drive |