£232,692
This estimated value is based upon the latest sale price for the house of £135,000 on 14 Dec 2011. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £135,000 | 14 Dec 2011 |
| £145,000 | 30 Mar 2007 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 December 2011 the House Price Index for COUNTY DURHAM was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.365%.Applying this 72.365% change to the original purchase price of £135,000 results in an estimated price of approximately £232,692.
| 14 Dec 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 148.6 | 72.365 % | £135,000 | £97,692 | £232,692 |
The Postcode Pricing Model uses changes in average sales price within the SR7 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 | 24.502 % | £33,077 | £168,077 |
| 3 Month Average | 1.404 % | £1,895 | £136,895 |
| 6 Month Average | 12.823 % | £17,311 | £152,311 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Sep 2023 | £167,137 | £165,000 | 45 BEADNELL DRIVE |
| 7 Jul 2023 | £344,638 | £340,000 | 1 BAMBURGH DRIVE |
| 21 Mar 2023 | £170,607 | £169,000 | 27 BEADNELL DRIVE |
| 6 Feb 2023 | £399,681 | £399,950 | 55 BEADNELL DRIVE |
| 20 Jan 2023 | £231,037 | £232,125 | 26 BEADNELL DRIVE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 30 Nov 2021. Using an estimated price of £232,693 means this house is valued at £3,525 per sq meter (£327 per sq foot).
The average size of a house on BEADNELL DRIVE is 84 sq meters (907 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Alnmouth Way |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Boulmer Lea |