£71,558
This estimated value is based upon the latest sale price for the house of £57,500 on 11 Jan 2019. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £57,500 | 11 Jan 2019 |
| 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 January 2019 the House Price Index for COUNTY DURHAM was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.450%.Applying this 24.450% change to the original purchase price of £57,500 results in an estimated price of approximately £71,558.
| 11 Jan 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.450 % | £57,500 | £14,058 | £71,558 |
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 | 68.260 % | £39,249 | £96,749 |
| 3 Month Average | 11.182 % | £6,429 | £63,929 |
| 6 Month Average | 2.288 % | £1,315 | £58,815 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 May 2024 | £80,000 | £80,000 | 9 LEAZES RISE |
| 10 Nov 2023 | £51,302 | £50,000 | 8 LEAZES RISE |
| 11 Aug 2023 | £81,418 | £79,950 | 20 DEAN CLOSE |
| 28 Apr 2023 | £73,372 | £72,000 | 5 FULWELL ROAD |
| 31 Mar 2023 | £83,901 | £82,500 | 24 DEAN CLOSE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 20 Dec 2013. Using an estimated price of £71,559 means this house is valued at £967 per sq meter (£89 per sq foot).
The average size of a house on DEAN CLOSE is 93 sq meters (1,004 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Granville Road |
| Sep 2024 | Anti-social behaviour | On or near Granville Road | |
| Sep 2024 | Anti-social behaviour | On or near Granville Road | |
| Aug 2024 | Anti-social behaviour | On or near Granville Road | |
| Aug 2024 | Anti-social behaviour | On or near Granville Road |