£98,183
This estimated value is based upon the latest sale price for the house of £80,000 on 14 Nov 2018. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £80,000 | 14 Nov 2018 |
| £50,500 | 15 Dec 2016 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 November 2018 the House Price Index for COUNTY DURHAM was 120.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.729%.Applying this 22.729% change to the original purchase price of £80,000 results in an estimated price of approximately £98,183.
| 14 Nov 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.0 | 22.729 % | £80,000 | £18,183 | £98,183 |
The Postcode Pricing Model uses changes in average sales price within the SR7 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 | 4.573 % | £3,658 | £83,658 |
| 3 Month Average | 10.068 % | £8,054 | £88,054 |
| 6 Month Average | 10.534 % | £8,427 | £88,427 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Dec 2023 | £214,050 | £210,000 | 10 SEATON PARK |
| 24 Nov 2023 | £115,483 | £114,000 | 21 MILLDALE |
| 3 Mar 2023 | £100,041 | £99,500 | 2 MELROSE CRESCENT |
| 15 Feb 2023 | £114,459 | £115,000 | 127 MELROSE CRESCENT |
| 26 Aug 2022 | £67,544 | £68,000 | 2 DOVEDALE COURT |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 13 Jul 2016. Using an estimated price of £98,183 means this house is valued at £1,443 per sq meter (£134 per sq foot).
The average size of a house on MELROSE CRESCENT is 80 sq meters (869 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Melrose Crescent |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Milldale |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Milldale |
| Apr 2024 | Shoplifting | Unable to prosecute suspect | On or near Milldale |
| Apr 2024 | Shoplifting | Under investigation | On or near Milldale |