£85,315
This estimated value is based upon the latest sale price for the house of £75,000 on 7 Apr 2021. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £75,000 | 7 Apr 2021 |
| 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 April 2021 the House Price Index for COUNTY DURHAM was 131.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 13.754%.Applying this 13.754% change to the original purchase price of £75,000 results in an estimated price of approximately £85,315.
| 7 Apr 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 131.6 | 149.7 | 13.754 % | £75,000 | £10,315 | £85,315 |
The Postcode Pricing Model uses changes in average sales price within the SR7 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 | -30.093 % | £-22,569 | £52,430 |
| 3 Month Average | -20.776 % | £-15,582 | £59,417 |
| 6 Month Average | -9.833 % | £-7,374 | £67,625 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £160,063 | £156,000 | 8 WELLFIELD ROAD |
| 9 Aug 2023 | £76,378 | £75,000 | 42 METCALF CRESCENT |
| 4 Aug 2023 | £407,347 | £400,000 | PADDOCK VIEW THE VILLAGE |
| 23 Jun 2023 | £104,086 | £102,000 | 41 STATION ESTATE EAST |
| 12 Jan 2023 | £523,900 | £522,500 | 9 VILLAGE FARM |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gregson Terrace |
| Jun 2024 | Anti-social behaviour | On or near Gregson Terrace | |
| Jun 2024 | Anti-social behaviour | On or near Gregson Terrace | |
| May 2024 | Public order | Unable to prosecute suspect | On or near Gregson Terrace |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gregson Terrace |