£119,714
This estimated value is based upon the latest sale price for the house of £77,000 on 26 Oct 2007. This value is then adjusted by the current Official House Price Index for DURHAM 1
There has been one burglary within the last year on or near Medway Close
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| Price Paid | Date |
|---|---|
| £77,000 | 26 Oct 2007 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 October 2007 the House Price Index for DURHAM was 95.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.473%.Applying this 55.473% change to the original purchase price of £77,000 results in an estimated price of approximately £119,714.
| 26 Oct 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.6 | 148.6 | 55.473 % | £77,000 | £42,714 | £119,714 |
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 | -39.524 % | £-30,433 | £46,566 |
| 3 Month Average | -32.834 % | £-25,282 | £51,717 |
| 6 Month Average | -25.359 % | £-19,526 | £57,473 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £154,475 | £152,500 | 48 LAKEMORE |
| 14 Sep 2023 | £115,476 | £114,000 | 24 LAKEMORE |
| 17 Jul 2023 | £67,407 | £66,500 | HEARTS OF OAK OAKERSIDE DRIVE |
| 28 Feb 2023 | £89,939 | £90,000 | 11 LAKEMORE |
| 28 Feb 2023 | £89,939 | £90,000 | 41 LAKEMORE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 19 Jan 2015. Using an estimated price of £119,714 means this house is valued at £1,345 per sq meter (£124 per sq foot).
The average size of a house on HELFORD ROAD is 85 sq meters (917 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Medway Close | |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Medway Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Medway Close |
| Apr 2024 | Other theft | Under investigation | On or near Medway Close |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Medway Close |