£94,644
This estimated value is based upon the latest sale price for the house of £62,500 on 29 Aug 2014. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £62,500 | 29 Aug 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 65 sq meters or 699 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 August 2014 the House Price Index for COUNTY DURHAM was 98.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 51.432%.Applying this 51.432% change to the original purchase price of £62,500 results in an estimated price of approximately £94,644.
| 29 Aug 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 148.6 | 51.432 % | £62,500 | £32,144 | £94,644 |
The Postcode Pricing Model uses changes in average sales price within the DL5 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 | 41.249 % | £25,780 | £88,280 |
| 3 Month Average | 13.837 % | £8,648 | £71,148 |
| 6 Month Average | 10.028 % | £6,267 | £68,767 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Sep 2023 | £111,425 | £110,000 | 40 SHARP ROAD |
| 26 Jul 2023 | £106,432 | £105,000 | 91 BEWICK CRESCENT |
| 21 Apr 2023 | £189,541 | £187,500 | 15 CHURCH CLOSE |
| 17 Feb 2023 | £124,916 | £125,000 | 4 LUMLEY CLOSE |
| 17 Aug 2022 | £72,804 | £73,000 | 95 BEWICK CRESCENT |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 17 Jan 2014. Using an estimated price of £94,645 means this house is valued at £1,456 per sq meter (£135 per sq foot).
The average size of a house on LUMLEY CLOSE is 101 sq meters (1,090 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Lumley Close | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Lumley Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lumley Close |
| Jan 2024 | Robbery | Offender given a caution | On or near Lumley Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sharp Road |