£111,260
This estimated value is based upon the latest sale price for the house of £83,995 on 13 Oct 2016. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £83,995 | 13 Oct 2016 |
| £39,000 | 25 Sep 1998 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 October 2016 the House Price Index for DURHAM was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £83,995 results in an estimated price of approximately £111,260.
| 13 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 148.6 | 32.461 % | £83,995 | £27,265 | £111,260 |
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 | -1.904 % | £-1,599 | £82,395 |
| 3 Month Average | 12.211 % | £10,256 | £94,251 |
| 6 Month Average | 5.710 % | £4,796 | £88,791 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £177,630 | £175,000 | 16 HUMPHREY CLOSE |
| 7 Jul 2023 | £84,132 | £83,000 | 47 PRIESTMAN ROAD |
| 8 Jun 2023 | £91,104 | £90,000 | 10 MARSHALL ROAD |
| 3 Mar 2023 | £80,761 | £80,000 | 13 MARSHALL ROAD |
| 16 Feb 2023 | £54,463 | £54,500 | 17 SILKIN WAY |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 10 Mar 2016. Using an estimated price of £111,260 means this house is valued at £1,264 per sq meter (£117 per sq foot).
The average size of a house on SILKIN WAY is 88 sq meters (951 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Humphrey Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Humphrey Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Humphrey Close |
| Apr 2024 | Anti-social behaviour | On or near Silkin Way | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Silkin Way |