£262,630
This estimated value is based upon the latest sale price for the house of £168,000 on 7 Feb 2014. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £168,000 | 7 Feb 2014 |
| £84,995 | 17 Oct 1997 |
| Detached |
| Freehold |
| Floor Area: 105 sq meters or 1,139 sq feet |
This model uses changes in the Official Land Registry House Price Index for DURHAM to estimate the market value.
When this house was purchased in February 2014 the House Price Index for DURHAM was 93.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 56.328%.Applying this 56.328% change to the original purchase price of £168,000 results in an estimated price of approximately £262,630.
| 7 Feb 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 146.7 | 56.328 % | £168,000 | £94,630 | £262,630 |
The Postcode Pricing Model uses changes in average sales price within the DL16 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 | 3.432 % | £5,765 | £173,765 |
| 3 Month Average | -27.012 % | £-45,380 | £122,619 |
| 6 Month Average | -4.328 % | £-7,270 | £160,729 |
This house has a floor area of 105 sq meters or 1,139 sq feet when measured on 22 Jun 2011.
The average size of a house on LILAC CLOSE is 134 sq meters (1,445 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Snowdrop Close |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Snowdrop Close |
| Jan 2024 | Other crime | Under investigation | On or near Buddleia Court |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Buddleia Court |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bluebell Drive |