£73,998
This estimated value is based upon the latest sale price for the house of £55,000 on 9 Jun 2016. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £55,000 | 9 Jun 2016 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 June 2016 the House Price Index for COUNTY DURHAM was 111.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.544%.Applying this 34.544% change to the original purchase price of £55,000 results in an estimated price of approximately £73,998.
| 9 Jun 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 149.7 | 34.544 % | £55,000 | £18,998 | £73,998 |
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 | 11.063 % | £6,084 | £61,084 |
| 3 Month Average | 31.331 % | £17,232 | £72,232 |
| 6 Month Average | 18.189 % | £10,004 | £65,004 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jun 2024 | £125,000 | £125,000 | 36 ACRE RIGG ROAD |
| 30 Oct 2023 | £92,092 | £90,000 | 50 ACRE RIGG ROAD |
| 6 Oct 2023 | £86,975 | £85,000 | 39 BUCKINGHAM ROAD |
| 15 Sep 2023 | £107,367 | £105,000 | 2 YORK ROAD |
| 18 Aug 2023 | £61,102 | £60,000 | 100 ACRE RIGG ROAD |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 3 Sep 2021. Using an estimated price of £73,999 means this house is valued at £999 per sq meter (£92 per sq foot).
The average size of a house on ACRE RIGG ROAD is 85 sq meters (922 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Public order | Unable to prosecute suspect | On or near Buckingham Road |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Berkshire Road |
| Aug 2024 | Violence and sexual offences | Awaiting court outcome | On or near Berkshire Road |
| Jul 2024 | Other theft | Under investigation | On or near Berkshire Road |
| Oct 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near York Road |