£151,451
This estimated value is based upon the latest sale price for the house of £90,000 on 1 Aug 2008. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £90,000 | 1 Aug 2008 |
| Semi-Detached |
| Freehold |
| Floor Area: 67 sq meters or 721 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 August 2008 the House Price Index for DURHAM was 88.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 68.280%.Applying this 68.280% change to the original purchase price of £90,000 results in an estimated price of approximately £151,451.
| 1 Aug 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.3 | 148.6 | 68.280 % | £90,000 | £61,451 | £151,451 |
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 | 2.936 % | £2,642 | £92,642 |
| 3 Month Average | -17.699 % | £-15,928 | £74,071 |
| 6 Month Average | -2.352 % | £-2,117 | £87,882 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Dec 2023 | £213,740 | £210,000 | 10 SEATON PARK |
| 11 Aug 2023 | £95,838 | £95,000 | 38 AMBLESIDE AVENUE |
| 3 Mar 2023 | £100,446 | £99,500 | 2 MELROSE CRESCENT |
| 15 Feb 2023 | £114,923 | £115,000 | 127 MELROSE CRESCENT |
| 20 May 2022 | £127,401 | £125,000 | 23 MILLDALE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 30 Jul 2015. Using an estimated price of £151,452 means this house is valued at £2,260 per sq meter (£210 per sq foot).
The average size of a house on MELROSE CRESCENT is 80 sq meters (869 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Anti-social behaviour | On or near Seaton Park | |
| Dec 2023 | Anti-social behaviour | On or near Seaton Park | |
| Dec 2023 | Anti-social behaviour | On or near Seaton Park | |
| Dec 2023 | Anti-social behaviour | On or near Seaton Park | |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Melrose Crescent |