£115,652
This estimated value is based upon the latest sale price for the house of £72,000 on 13 Apr 2007. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£72,000 | 13 Apr 2007 |
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 April 2007 the House Price Index for DURHAM was 92.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 60.629%.Applying this 60.629% change to the original purchase price of £72,000 results in an estimated price of approximately £115,652.
13 Apr 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
92.5 | 148.6 | 60.629 % | £72,000 | £43,652 | £115,652 |
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 | -23.564 % | £-16,966 | £55,033 |
3 Month Average | -21.668 % | £-15,601 | £56,398 |
6 Month Average | -16.914 % | £-12,178 | £59,821 |
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 |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 25 Nov 2013. Using an estimated price of £115,653 means this house is valued at £1,562 per sq meter (£145 per sq foot).
The average size of a house on LEVEN WALK is 89 sq meters (967 sq feet).
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 |