£216,573
This estimated value is based upon the latest sale price for the house of £205,000 on 25 Feb 2022. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £205,000 | 25 Feb 2022 |
| £170,000 | 28 Oct 2016 |
| £53,000 | 21 Jul 1997 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 February 2022 the House Price Index for DURHAM was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £205,000 results in an estimated price of approximately £216,573.
| 25 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £205,000 | £11,573 | £216,573 |
The Postcode Pricing Model uses changes in average sales price within the DH1 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 | -62.996 % | £-129,142 | £75,857 |
| 3 Month Average | -13.074 % | £-26,802 | £178,197 |
| 6 Month Average | -6.993 % | £-14,335 | £190,664 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £438,473 | £425,000 | 2 DOUGLAS VILLAS |
| 11 Dec 2023 | £438,473 | £425,000 | 1 DOUGLAS VILLAS |
| 29 Nov 2023 | £265,233 | £258,500 | 2 MAYORSWELL CLOSE |
| 29 Sep 2023 | £281,199 | £275,000 | 20 ELLIS LEAZES |
| 10 Mar 2023 | £286,563 | £281,777 | 5 MAYORSWELL STREET |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 5 May 2016. Using an estimated price of £216,574 means this house is valued at £2,887 per sq meter (£268 per sq foot).
The average size of a house on MAYORSWELL STREET is 95 sq meters (1,027 sq feet).
This house is the smallest in the street with a floor area of 75 sq meters (807 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Gilesgate Close | |
| Aug 2024 | Anti-social behaviour | On or near Gilesgate Close | |
| Aug 2024 | Anti-social behaviour | On or near Gilesgate Close | |
| Aug 2024 | Anti-social behaviour | On or near Gilesgate Close | |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Leazes Lane |