£820,677
This estimated value is based upon the latest sale price for the house of £475,000 on 8 Feb 2012. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £475,000 | 8 Feb 2012 |
| Detached |
| Freehold |
| Floor Area: 230 sq meters or 2,475 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 February 2012 the House Price Index for COUNTY DURHAM was 86.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.774%.Applying this 72.774% change to the original purchase price of £475,000 results in an estimated price of approximately £820,677.
| 8 Feb 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 149.7 | 72.774 % | £475,000 | £345,677 | £820,677 |
The Postcode Pricing Model uses changes in average sales price within the DH1 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 | 10.579 % | £50,249 | £525,249 |
| 3 Month Average | 31.089 % | £147,671 | £622,671 |
| 6 Month Average | 29.993 % | £142,469 | £617,469 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £265,233 | £258,500 | 2 MAYORSWELL CLOSE |
| 10 Mar 2023 | £286,563 | £281,777 | 5 MAYORSWELL STREET |
| 23 May 2022 | £470,251 | £458,000 | 215 GILESGATE |
| 7 Mar 2022 | £193,128 | £185,000 | 8 THE CHAINS CLAYPATH |
| 25 Feb 2022 | £216,574 | £205,000 | 8 MAYORSWELL STREET |
This house has a floor area of 230 sq meters or 2,475 sq feet when measured on 5 Sep 2013. Using an estimated price of £820,677 means this house is valued at £3,568 per sq meter (£331 per sq foot).
There is one other house on the street which we know the size of, this is PELAW RISE LEAZES ROAD it is 198.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Gilesgate Close | |
| Aug 2024 | Anti-social behaviour | On or near Gilesgate Close | |
| Aug 2024 | Anti-social behaviour | On or near Gilesgate Close | |
| Aug 2024 | Anti-social behaviour | On or near Gilesgate Close | |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Leazes Place |