£345,794
This estimated value is based upon the latest sale price for the house of £350,000 on 2 Sep 2022. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £350,000 | 2 Sep 2022 |
| Semi-Detached |
| Freehold |
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 September 2022 the House Price Index for COUNTY DURHAM was 149.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -1.202%.Applying this -1.202% change to the original purchase price of £350,000 results in an estimated price of approximately £345,794.
| 2 Sep 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.8 | 148.0 | -1.202 % | £350,000 | £-4,205 | £345,794 |
The Postcode Pricing Model uses changes in average sales price within the DH3 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 | 29.327 % | £102,644 | £452,644 |
| 3 Month Average | -17.612 % | £-61,642 | £288,357 |
| 6 Month Average | -20.294 % | £-71,029 | £278,970 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £277,248 | £275,000 | 73 STAINMORE DRIVE |
| 2 Sep 2022 | £345,794 | £350,000 | DERWENT COTTAGE |
| 23 Jul 2021 | £206,032 | £180,000 | 31 STAINMORE DRIVE |
| 25 Jun 2021 | £349,430 | £327,000 | 4 FROSTERLEY DRIVE |
| 18 Jun 2021 | £126,094 | £118,000 | 13 DERWENT CRESCENT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hamsterley Close |
| Apr 2024 | Vehicle crime | Under investigation | On or near Stainmore Drive |
| Apr 2024 | Other theft | Under investigation | On or near Stainmore Drive |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Stainmore Drive |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Startforth Close |