£115,668
This estimated value is based upon the latest sale price for the house of £73,000 on 6 Dec 2013. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £73,000 | 6 Dec 2013 |
| £92,500 | 23 Oct 2006 |
| £31,500 | 15 Sep 1995 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 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 2013 the House Price Index for DURHAM was 92.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 58.450%.Applying this 58.450% change to the original purchase price of £73,000 results in an estimated price of approximately £115,668.
| 6 Dec 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.6 | 146.7 | 58.450 % | £73,000 | £42,668 | £115,668 |
The Postcode Pricing Model uses changes in average sales price within the DL5 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 | 65.497 % | £47,812 | £120,812 |
| 3 Month Average | 24.871 % | £18,156 | £91,156 |
| 6 Month Average | 27.030 % | £19,732 | £92,732 |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 12 Mar 2009.
The average size of a house on MERZ ROAD is 96 sq meters (1,040 sq feet).
This house is the smallest in the street with a floor area of 69 sq meters (742 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Merz Road |
| Jan 2024 | Vehicle crime | Under investigation | On or near Merz Road |
| Mar 2024 | Anti-social behaviour | On or near Butler Road | |
| Feb 2024 | Vehicle crime | Under investigation | On or near Emerson Way |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Emerson Way |