£164,382
This estimated value is based upon the latest sale price for the house of £160,100 on 13 May 2022. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £160,100 | 13 May 2022 |
| £85,000 | 16 Dec 2011 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 943 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 May 2022 the House Price Index for COUNTY DURHAM was 145.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.675%.Applying this 2.675% change to the original purchase price of £160,100 results in an estimated price of approximately £164,382.
| 13 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £160,100 | £4,282 | £164,382 |
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 | -49.935 % | £-79,945 | £80,154 |
| 3 Month Average | -2.475 % | £-3,962 | £156,137 |
| 6 Month Average | 2.185 % | £3,498 | £163,598 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £116,007 | £115,000 | 53 DERWENT CLOSE |
| 20 Dec 2023 | £128,963 | £125,000 | 23 NEW DRIVE |
| 3 Nov 2023 | £137,490 | £134,000 | 23 DERWENT CLOSE |
| 27 Sep 2023 | £122,705 | £120,000 | 6 DERWENT CLOSE |
| 2 Mar 2023 | £132,208 | £130,000 | 59 DENE WAY |
This house has a floor area of 87 sq meters or 943 sq feet when measured on 18 Feb 2011. Using an estimated price of £164,382 means this house is valued at £1,874 per sq meter (£174 per sq foot).
The average size of a house on DERWENT CLOSE is 70 sq meters (761 sq feet).
This house is the largest in the street with a floor area of 87 sq meters (943 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Derwent Close | |
| Sep 2024 | Anti-social behaviour | On or near Derwent Close | |
| Oct 2024 | Criminal damage and arson | Local resolution | On or near Dene Way |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Dene Way |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Dene Way |