£75,335
This estimated value is based upon the latest sale price for the house of £56,000 on 29 Mar 2016. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £56,000 | 29 Mar 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 sq feet |
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 March 2016 the House Price Index for COUNTY DURHAM was 110.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 34.528%.Applying this 34.528% change to the original purchase price of £56,000 results in an estimated price of approximately £75,335.
| 29 Mar 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.0 | 34.528 % | £56,000 | £19,335 | £75,335 |
The Postcode Pricing Model uses changes in average sales price within the DH8 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 | 2.145 % | £1,201 | £57,201 |
| 3 Month Average | 18.950 % | £10,611 | £66,611 |
| 6 Month Average | 17.818 % | £9,978 | £65,978 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £105,642 | £105,000 | 33 CHESTER ROAD |
| 8 Jun 2023 | £48,392 | £48,000 | 9 YORK AVENUE |
| 10 Feb 2023 | £79,623 | £80,000 | 22 LINCOLN ROAD |
| 2 Feb 2023 | £109,482 | £110,000 | 15 LINCOLN ROAD |
| 11 Nov 2022 | £122,021 | £124,000 | 16 CUMBERLAND ROAD |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 13 May 2013. Using an estimated price of £75,336 means this house is valued at £846 per sq meter (£78 per sq foot).
The average size of a house on DERBY DRIVE is 94 sq meters (1,014 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Chester Road | |
| Mar 2024 | Anti-social behaviour | On or near Chester Road | |
| Mar 2024 | Anti-social behaviour | On or near Chester Road | |
| Mar 2024 | Anti-social behaviour | On or near Chester Road | |
| Apr 2024 | Anti-social behaviour | On or near Derby Crescent |