£100,403
This estimated value is based upon the latest sale price for the house of £80,000 on 5 Jan 2018. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £80,000 | 5 Jan 2018 |
| Detached |
| Freehold |
| Floor Area: 170 sq meters or 1,829 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 January 2018 the House Price Index for COUNTY DURHAM was 118.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.504%.Applying this 25.504% change to the original purchase price of £80,000 results in an estimated price of approximately £100,403.
| 5 Jan 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 148.6 | 25.504 % | £80,000 | £20,403 | £100,403 |
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 | 14.500 % | £11,600 | £91,600 |
| 3 Month Average | -9.327 % | £-7,461 | £72,538 |
| 6 Month Average | -0.248 % | £-198 | £79,801 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Jun 2023 | £455,518 | £450,000 | ALBION HOUSE LOW ROW |
| 8 Mar 2023 | £156,474 | £155,000 | 6 SUNDERLAND ROAD |
| 19 Jan 2023 | £117,447 | £118,000 | 29 ROSEMARY LANE |
| 26 Aug 2022 | £155,581 | £156,000 | 20 ROSEMARY LANE |
| 5 Aug 2022 | £99,732 | £100,000 | 1 GRANGE HOUSE SEASIDE LANE |
This house has a floor area of 170 sq meters or 1,829 sq feet when measured on 16 Mar 2021. Using an estimated price of £100,403 means this house is valued at £590 per sq meter (£54 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sunderland Road |
| Mar 2024 | Drugs | Unable to prosecute suspect | On or near Sunderland Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sunderland Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sunderland Road |
| Apr 2024 | Public order | Under investigation | On or near Cadwell Lane |