£76,057
This estimated value is based upon the latest sale price for the house of £60,500 on 1 Dec 2017. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
There has been one burglary within the last year on or near Warwick Place
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| Price Paid | Date |
|---|---|
| £60,500 | 1 Dec 2017 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 sq feet |
This model uses changes in the Official Land Registry House Price Index for COUNTY DURHAM to estimate the market value.
When this house was purchased in December 2017 the House Price Index for COUNTY DURHAM was 118.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.714%.Applying this 25.714% change to the original purchase price of £60,500 results in an estimated price of approximately £76,057.
| 1 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 148.6 | 25.714 % | £60,500 | £15,557 | £76,057 |
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 | 16.939 % | £10,247 | £70,747 |
| 3 Month Average | -6.448 % | £-3,900 | £56,599 |
| 6 Month Average | 5.428 % | £3,283 | £63,783 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Mar 2024 | £60,000 | £60,000 | 104 LANCASTER HILL |
| 17 Nov 2023 | £71,001 | £69,950 | 87 LANCASTER HILL |
| 18 Aug 2023 | £181,589 | £180,000 | 4 COTTINGHAM CLOSE |
| 14 Jul 2023 | £101,364 | £100,000 | 84 GLOUCESTER PLACE |
| 17 Apr 2023 | £75,816 | £75,000 | 8 GLOUCESTER PLACE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 19 Sep 2017. Using an estimated price of £76,057 means this house is valued at £874 per sq meter (£81 per sq foot).
The average size of a house on WARWICK PLACE is 96 sq meters (1,040 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Warwick Place | |
| Feb 2024 | Anti-social behaviour | On or near Warwick Place | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Warwick Place |
| Feb 2024 | Burglary | Awaiting court outcome | On or near Warwick Place |
| Jan 2024 | Anti-social behaviour | On or near Warwick Place |