£252,529
This estimated value is based upon the latest sale price for the house of £178,000 on 25 Sep 2015. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £178,000 | 25 Sep 2015 |
| £78,000 | 10 Dec 1999 |
| Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 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 September 2015 the House Price Index for DURHAM was 104.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 41.871%.Applying this 41.871% change to the original purchase price of £178,000 results in an estimated price of approximately £252,529.
| 25 Sep 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.7 | 148.6 | 41.871 % | £178,000 | £74,529 | £252,529 |
The Postcode Pricing Model uses changes in average sales price within the DL15 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 | -1.553 % | £-2,763 | £175,236 |
| 3 Month Average | 28.450 % | £50,640 | £228,640 |
| 6 Month Average | 22.332 % | £39,750 | £217,750 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2023 | £100,883 | £100,000 | 84 HEATHER LANE |
| 24 Jul 2023 | £192,592 | £190,000 | 88 HEATHER LANE |
| 11 Nov 2022 | £229,223 | £232,000 | 28 KIPLING WAY |
| 2 Sep 2022 | £233,117 | £235,000 | 22 KIPLING WAY |
| 5 Aug 2022 | £229,383 | £230,000 | 23 HEATHER LANE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 6 Oct 2014. Using an estimated price of £252,530 means this house is valued at £3,279 per sq meter (£304 per sq foot).
There is one other house on the street which we know the size of, this is 6 WORDSWORTH COURT it is 125.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Offender given a caution | On or near Larkin Close |
| Dec 2023 | Criminal damage and arson | Local resolution | On or near Fern Valley |
| Dec 2023 | Violence and sexual offences | Local resolution | On or near Fern Valley |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Fern Valley |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Dickens Way |