£354,020
This estimated value is based upon the latest sale price for the house of £210,000 on 23 May 2013. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
There has been one burglary within the last year on or near Spiro Court
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| Price Paid | Date |
|---|---|
| £210,000 | 23 May 2013 |
| £260,000 | 17 Jun 2011 |
| £105,000 | 3 Jul 1998 |
| Detached |
| Freehold |
| Floor Area: 196 sq meters or 2,118 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 May 2013 the House Price Index for COUNTY DURHAM was 88.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 68.581%.Applying this 68.581% change to the original purchase price of £210,000 results in an estimated price of approximately £354,020.
| 23 May 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 149.7 | 68.581 % | £210,000 | £144,020 | £354,020 |
The Postcode Pricing Model uses changes in average sales price within the DH8 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 | 10.496 % | £22,041 | £232,041 |
| 3 Month Average | 33.891 % | £71,171 | £281,171 |
| 6 Month Average | 25.732 % | £54,036 | £264,036 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £65,000 | £65,000 | 14 KNITSLEY GARDENS |
| 7 Mar 2023 | £51,358 | £50,500 | 27 KNITSLEY GARDENS |
| 24 Feb 2023 | £64,430 | £64,000 | 5 ALWYN GARDENS |
| 22 Jul 2022 | £68,688 | £68,000 | 6 TEMPLE GARDENS |
| 13 Jun 2022 | £61,311 | £60,000 | 24 TEMPLE GARDENS |
This house has a floor area of 196 sq meters or 2,118 sq feet when measured on 7 May 2010. Using an estimated price of £354,020 means this house is valued at £1,798 per sq meter (£167 per sq foot).
The average size of a house on KNITSLEY LANE is 157 sq meters (1,698 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Spiro Court |
| Jun 2024 | Other theft | Under investigation | On or near Spiro Court |
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Spiro Court |
| Jun 2024 | Other crime | Under investigation | On or near Mickleton Close |
| May 2024 | Anti-social behaviour | On or near Mickleton Close |