£105,242
This estimated value is based upon the latest sale price for the house of £42,950 on 7 Feb 2003. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £42,950 | 7 Feb 2003 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 2003 the House Price Index for DURHAM was 60.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 145.035%.Applying this 145.035% change to the original purchase price of £42,950 results in an estimated price of approximately £105,242.
| 7 Feb 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 60.6 | 148.6 | 145.035 % | £42,950 | £62,292 | £105,242 |
The Postcode Pricing Model uses changes in average sales price within the SR8 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 | 61.511 % | £26,419 | £69,369 |
| 3 Month Average | 63.846 % | £27,421 | £70,371 |
| 6 Month Average | 76.398 % | £32,812 | £75,762 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £88,549 | £87,000 | 48 ROSEBY ROAD |
| 24 Nov 2023 | £60,902 | £60,000 | 17 BOWNESS CLOSE |
| 22 Aug 2023 | £78,688 | £78,000 | 14 RYDAL CRESCENT |
| 16 Jun 2023 | £60,736 | £60,000 | 54 ROSEBY ROAD |
| 1 Jun 2023 | £101,225 | £99,999 | 81 CHAPEL HILL ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 5 Feb 2014. Using an estimated price of £105,243 means this house is valued at £1,315 per sq meter (£122 per sq foot).
The average size of a house on CHAPEL HILL ROAD is 87 sq meters (941 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Further action is not in the public interest | On or near Grasmere Road |
| Dec 2023 | Violence and sexual offences | Local resolution | On or near Grasmere Road |
| Dec 2023 | Violence and sexual offences | Further action is not in the public interest | On or near Grasmere Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ambleside Close |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ambleside Close |