£107,523
This estimated value is based upon the latest sale price for the house of £82,000 on 7 Dec 2016. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £82,000 | 7 Dec 2016 |
| £29,950 | 31 Oct 1997 |
| £23,000 | 15 Sep 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 116 sq meters or 1,248 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 December 2016 the House Price Index for DURHAM was 113.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.127%.Applying this 31.127% change to the original purchase price of £82,000 results in an estimated price of approximately £107,523.
| 7 Dec 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 148.6 | 31.127 % | £82,000 | £25,523 | £107,523 |
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 | 18.934 % | £15,525 | £97,525 |
| 3 Month Average | 9.485 % | £7,777 | £89,777 |
| 6 Month Average | 20.770 % | £17,031 | £99,031 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £73,082 | £72,000 | 49 FAIRBAIRN ROAD |
| 24 Aug 2023 | £113,996 | £112,999 | 29 CRAWFORD AVENUE |
| 17 Aug 2023 | £102,899 | £101,999 | 5 RAMSEY CLOSE |
| 25 Jul 2023 | £96,296 | £95,000 | 4 RAMSEY CLOSE |
| 11 Jul 2023 | £50,682 | £50,000 | 6 JUDE PLACE |
This house has a floor area of 116 sq meters or 1,248 sq feet when measured on 19 Jul 2016. Using an estimated price of £107,524 means this house is valued at £926 per sq meter (£86 per sq foot).
The average size of a house on JARVIS ROAD is 70 sq meters (761 sq feet).
This house is the largest in the street with a floor area of 116 sq meters (1,248 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Jarvis Road |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ramsey Close |
| Feb 2024 | Anti-social behaviour | On or near Johnson Close | |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Johnson Close |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Johnson Close |