£109,674
This estimated value is based upon the latest sale price for the house of £61,500 on 30 Sep 2009. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £61,500 | 30 Sep 2009 |
| £25,000 | 6 Jun 2003 |
| Terraced |
| Freehold |
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 September 2009 the House Price Index for COUNTY DURHAM was 83.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 78.332%.Applying this 78.332% change to the original purchase price of £61,500 results in an estimated price of approximately £109,674.
| 30 Sep 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.3 | 148.6 | 78.332 % | £61,500 | £48,174 | £109,674 |
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 | -35.302 % | £-21,710 | £39,789 |
| 3 Month Average | -28.205 % | £-17,346 | £44,153 |
| 6 Month Average | -13.667 % | £-8,404 | £53,095 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Jul 2023 | £96,296 | £95,000 | 4 LEVEN WALK |
| 27 Feb 2023 | £83,944 | £84,000 | 4 MEDWAY CLOSE |
| 12 Aug 2022 | £89,709 | £89,950 | 36 SEVERN CLOSE |
| 2 Aug 2022 | £64,826 | £65,000 | 62 WELLAND CLOSE |
| 1 Jul 2022 | £50,135 | £50,000 | 1 TEES CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Tees Close |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Severn Close |