£74,150
This estimated value is based upon the latest sale price for the house of £60,000 on 13 Dec 2019. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £60,000 | 13 Dec 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 December 2019 the House Price Index for COUNTY DURHAM was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.585%.Applying this 23.585% change to the original purchase price of £60,000 results in an estimated price of approximately £74,150.
| 13 Dec 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.585 % | £60,000 | £14,150 | £74,150 |
The Postcode Pricing Model uses changes in average sales price within the DH8 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 | 38.584 % | £23,150 | £83,150 |
| 3 Month Average | 34.842 % | £20,905 | £80,905 |
| 6 Month Average | 20.189 % | £12,113 | £72,113 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Apr 2024 | £327,847 | £325,000 | HILLSIDE THE PROMENADE |
| 8 Dec 2023 | £169,199 | £164,000 | 5 CHARTWELL PLACE |
| 30 Jun 2023 | £78,064 | £76,500 | 299 DURHAM ROAD |
| 4 Oct 2022 | £99,667 | £100,000 | 5 THE CRESCENT |
| 27 Jun 2022 | £87,878 | £86,000 | 258 MEDOMSLEY ROAD |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 12 Jul 2019. Using an estimated price of £74,151 means this house is valued at £1,002 per sq meter (£93 per sq foot).
The average size of a house on THE CRESCENT is 96 sq meters (1,039 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Crescent |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Bright Street |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bright Street |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Promenade |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cyril Street |