£299,205
This estimated value is based upon the latest sale price for the house of £280,000 on 30 Jun 2021. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £280,000 | 30 Jun 2021 |
| £147,500 | 14 Oct 2009 |
| £67,500 | 26 Aug 1998 |
| Detached |
| Freehold |
| Floor Area: 167 sq meters or 1,799 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 June 2021 the House Price Index for COUNTY DURHAM was 138.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 6.859%.Applying this 6.859% change to the original purchase price of £280,000 results in an estimated price of approximately £299,205.
| 30 Jun 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.0 | 6.859 % | £280,000 | £19,205 | £299,205 |
The Postcode Pricing Model uses changes in average sales price within the DL12 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 | -12.747 % | £-35,691 | £244,308 |
| 3 Month Average | -23.608 % | £-66,103 | £213,896 |
| 6 Month Average | -34.862 % | £-97,612 | £182,387 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £275,932 | £275,000 | 3 THORNGATE PLACE |
| 18 Dec 2023 | £283,361 | £278,000 | 2 THORNGATE |
| 29 Nov 2023 | £398,111 | £393,000 | 12 THORNGATE PLACE |
| 3 Aug 2023 | £191,162 | £190,000 | FLAT 4 THORNGATE MILL THORNGATE |
| 3 Aug 2023 | £171,040 | £170,000 | FLAT 9 THORNGATE MILL THORNGATE |
This house has a floor area of 167 sq meters or 1,799 sq feet when measured on 24 Oct 2008. Using an estimated price of £299,206 means this house is valued at £1,789 per sq meter (£166 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Moorhouse Lane |
| Apr 2024 | Vehicle crime | Under investigation | On or near Priory Yard |
| Feb 2024 | Anti-social behaviour | On or near Priory Yard | |
| Feb 2024 | Anti-social behaviour | On or near Priory Yard | |
| Feb 2024 | Anti-social behaviour | On or near Priory Yard |