£82,833
This estimated value is based upon the latest sale price for the house of £61,750 on 27 Jul 2016. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
There has been one burglary within the last year on or near Newark Close
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| Price Paid | Date |
|---|---|
| £61,750 | 27 Jul 2016 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 July 2016 the House Price Index for COUNTY DURHAM was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.143%.Applying this 34.143% change to the original purchase price of £61,750 results in an estimated price of approximately £82,833.
| 27 Jul 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.143 % | £61,750 | £21,083 | £82,833 |
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 | 17.690 % | £10,923 | £72,673 |
| 3 Month Average | 1.898 % | £1,172 | £62,922 |
| 6 Month Average | 23.242 % | £14,351 | £76,101 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £92,029 | £90,000 | 20 KEMP ROAD |
| 7 Sep 2023 | £61,352 | £60,000 | 63 BASINGSTOKE ROAD |
| 16 Jun 2023 | £83,677 | £82,000 | 29 BEVERLEY WAY |
| 14 Apr 2023 | £73,372 | £72,000 | 21 HERTON CLOSE |
| 24 Feb 2023 | £80,538 | £80,000 | 44 BASINGSTOKE ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 23 Oct 2015. Using an estimated price of £82,833 means this house is valued at £1,035 per sq meter (£96 per sq foot).
The average size of a house on NEWARK CLOSE is 86 sq meters (927 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Newark Close | |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Newark Close |
| Jun 2024 | Robbery | Unable to prosecute suspect | On or near Newark Close |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newark Close |
| Jun 2024 | Criminal damage and arson | Under investigation | On or near Newark Close |