£99,459
This estimated value is based upon the latest sale price for the house of £18,500 on 24 Jan 1997. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £18,500 | 24 Jan 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 80 sq meters or 861 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 January 1997 the House Price Index for DURHAM was 27.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 437.617%.Applying this 437.617% change to the original purchase price of £18,500 results in an estimated price of approximately £99,459.
| 24 Jan 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.8 | 149.7 | 437.617 % | £18,500 | £80,959 | £99,459 |
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 | 88.197 % | £16,316 | £34,816 |
| 3 Month Average | 100.929 % | £18,671 | £37,171 |
| 6 Month Average | 103.909 % | £19,223 | £37,723 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Jul 2024 | £60,000 | £60,000 | 12 SLEDMERE CLOSE |
| 17 Jun 2024 | £72,000 | £72,000 | 9 SLEDMERE CLOSE |
| 20 Dec 2023 | £103,698 | £100,512 | 52 FAIRBAIRN ROAD |
| 3 Nov 2023 | £73,875 | £72,000 | 49 FAIRBAIRN ROAD |
| 13 Oct 2023 | £67,841 | £66,300 | 70 FAIRBAIRN ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 30 Sep 2016. Using an estimated price of £99,459 means this house is valued at £1,243 per sq meter (£115 per sq foot).
The average size of a house on JOHNSON CLOSE is 95 sq meters (1,022 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Johnson Close |
| Jul 2024 | Other crime | Unable to prosecute suspect | On or near Johnson Close |
| Jul 2024 | Anti-social behaviour | On or near Johnson Close | |
| Jul 2024 | Anti-social behaviour | On or near Johnson Close | |
| May 2024 | Criminal damage and arson | Further investigation is not in the public interest | On or near Johnson Close |