£282,390
This estimated value is based upon the latest sale price for the house of £170,000 on 4 Jul 2013. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £170,000 | 4 Jul 2013 |
| Detached |
| Freehold |
| Floor Area: 106 sq meters or 1,147 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 July 2013 the House Price Index for COUNTY DURHAM was 89.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 66.112%.Applying this 66.112% change to the original purchase price of £170,000 results in an estimated price of approximately £282,390.
| 4 Jul 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.5 | 148.6 | 66.112 % | £170,000 | £112,390 | £282,390 |
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 | -14.380 % | £-24,445 | £145,554 |
| 3 Month Average | -8.685 % | £-14,765 | £155,234 |
| 6 Month Average | -2.098 % | £-3,567 | £166,432 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jul 2023 | £709,550 | £700,000 | CHESTNUT GROVE THE VILLAGE |
| 18 Apr 2023 | £251,710 | £249,000 | 14 SHADFORTH CLOSE |
| 21 Mar 2023 | £272,568 | £270,000 | 11 THE VILLAGE |
| 28 Oct 2022 | £78,158 | £79,000 | 114 PENTLAND CLOSE |
| 22 Jun 2022 | £532,188 | £524,667 | THE ROYAL GEORGE THE VILLAGE |
This house has a floor area of 106 sq meters or 1,147 sq feet when measured on 22 Jun 2010. Using an estimated price of £282,391 means this house is valued at £2,649 per sq meter (£246 per sq foot).
The average size of a house on SHADFORTH CLOSE is 135 sq meters (1,463 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Shadforth Close |