£140,413
This estimated value is based upon the latest sale price for the house of £76,000 on 15 Feb 2005. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £76,000 | 15 Feb 2005 |
| £65,000 | 5 Oct 2004 |
| £25,000 | 7 Jul 2003 |
| Terraced |
| Freehold |
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 2005 the House Price Index for DURHAM was 79.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 84.755%.Applying this 84.755% change to the original purchase price of £76,000 results in an estimated price of approximately £140,413.
| 15 Feb 2005 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.4 | 146.7 | 84.755 % | £76,000 | £64,413 | £140,413 |
The Postcode Pricing Model uses changes in average sales price within the DH6 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 | 52.663 % | £40,023 | £116,023 |
| 3 Month Average | -4.692 % | £-3,565 | £72,434 |
| 6 Month Average | 11.657 % | £8,859 | £84,859 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Welfare Crescent | |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Welfare Crescent |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Dec 2023 | Other theft | Under investigation | On or near Sports/Recreation Area |
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Sports/Recreation Area |