£117,570
This estimated value is based upon the latest sale price for the house of £68,000 on 24 Jul 2006. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £68,000 | 24 Jul 2006 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 July 2006 the House Price Index for DURHAM was 85.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.897%.Applying this 72.897% change to the original purchase price of £68,000 results in an estimated price of approximately £117,570.
| 24 Jul 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.9 | 148.6 | 72.897 % | £68,000 | £49,570 | £117,570 |
The Postcode Pricing Model uses changes in average sales price within the DL4 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 | -43.117 % | £-29,319 | £38,680 |
| 3 Month Average | -32.974 % | £-22,422 | £45,577 |
| 6 Month Average | -22.374 % | £-15,214 | £52,785 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Jul 2023 | £53,723 | £53,000 | 27 MAPLE AVENUE |
| 5 Jun 2023 | £93,128 | £92,000 | 47 MAPLE AVENUE |
| 4 Apr 2023 | £50,039 | £49,500 | 13 PINE TREE CRESCENT |
| 18 Jan 2023 | £64,695 | £65,000 | 22 FIR TREE |
| 25 May 2022 | £72,364 | £71,000 | 5 JUBILEE CRESCENT |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 11 Aug 2019. Using an estimated price of £117,570 means this house is valued at £1,588 per sq meter (£147 per sq foot).
The average size of a house on MAGNOLIA WAY is 84 sq meters (909 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Under investigation | On or near Magnolia Way |
| Feb 2024 | Anti-social behaviour | On or near Magnolia Way | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Magnolia Way |
| Feb 2024 | Anti-social behaviour | On or near Magnolia Way | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Magnolia Way |