£520,499
This estimated value is based upon the latest sale price for the house of £137,000 on 19 Apr 2000. This value is then adjusted by the current Official House Price Index for DURHAM 1
There has been one burglary within the last year on or near Marwood Grove
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| Price Paid | Date |
|---|---|
| £137,000 | 19 Apr 2000 |
| £130,000 | 15 Jul 1998 |
| Detached |
| Freehold |
| Floor Area: 124 sq meters or 1,334 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 2000 the House Price Index for DURHAM was 39.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 279.926%.Applying this 279.926% change to the original purchase price of £137,000 results in an estimated price of approximately £520,499.
| 19 Apr 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 39.1 | 148.6 | 279.926 % | £137,000 | £383,499 | £520,499 |
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 | 83.056 % | £113,787 | £250,787 |
| 3 Month Average | 64.838 % | £88,827 | £225,827 |
| 6 Month Average | 78.406 % | £107,415 | £244,415 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £131,953 | £129,999 | 87 LINDISFARNE |
| 29 Sep 2023 | £65,842 | £65,000 | 73 LINDISFARNE |
| 5 Jul 2023 | £189,044 | £186,500 | 8 DORMAND DRIVE |
| 26 Jun 2023 | £113,373 | £112,000 | 71 LINDISFARNE |
| 19 Apr 2023 | £242,107 | £239,500 | 27 DORMAND DRIVE |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 15 Apr 2014. Using an estimated price of £520,499 means this house is valued at £4,197 per sq meter (£389 per sq foot).
The average size of a house on LUMLEY DRIVE is 137 sq meters (1,480 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Under investigation | On or near Marwood Grove |
| Dec 2023 | Violence and sexual offences | Local resolution | On or near Stanhope Chase |
| Jan 2024 | Shoplifting | Awaiting court outcome | On or near Oakerside Park |
| Jan 2024 | Shoplifting | Awaiting court outcome | On or near Oakerside Park |
| Dec 2023 | Shoplifting | Awaiting court outcome | On or near Oakerside Park |