£287,513
This estimated value is based upon the latest sale price for the house of £147,500 on 16 Jul 2004. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £147,500 | 16 Jul 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 69 sq meters or 742 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 July 2004 the House Price Index for DURHAM was 76.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 94.924%.Applying this 94.924% change to the original purchase price of £147,500 results in an estimated price of approximately £287,513.
| 16 Jul 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 76.2 | 148.6 | 94.924 % | £147,500 | £140,013 | £287,513 |
The Postcode Pricing Model uses changes in average sales price within the DH2 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 | 23.224 % | £34,254 | £181,754 |
| 3 Month Average | 45.036 % | £66,428 | £213,928 |
| 6 Month Average | 42.079 % | £62,066 | £209,566 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Feb 2023 | £196,868 | £197,000 | 69 GRASMERE ROAD |
| 24 Aug 2022 | £179,517 | £180,000 | 78 GRASMERE ROAD |
| 26 Jul 2022 | £230,621 | £230,000 | 99 GRASMERE ROAD |
| 10 Jun 2022 | £192,724 | £190,000 | 10 LEVEN AVENUE |
| 22 Dec 2021 | £203,562 | £190,000 | 24 ULLSWATER ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 13 Aug 2015. Using an estimated price of £287,513 means this house is valued at £4,166 per sq meter (£387 per sq foot).
The average size of a house on GRASMERE ROAD is 77 sq meters (832 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Leven Avenue |
| Mar 2024 | Anti-social behaviour | On or near Rannoch Avenue | |
| Feb 2024 | Anti-social behaviour | On or near Rannoch Avenue | |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Rannoch Avenue |
| Feb 2024 | Anti-social behaviour | On or near Rannoch Avenue |