£218,493
This estimated value is based upon the latest sale price for the house of £164,950 on 24 Oct 2016. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £164,950 | 24 Oct 2016 |
| £56,950 | 10 Aug 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 October 2016 the House Price Index for DURHAM was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £164,950 results in an estimated price of approximately £218,493.
| 24 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 148.6 | 32.461 % | £164,950 | £53,543 | £218,493 |
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 | 3.505 % | £5,781 | £170,731 |
| 3 Month Average | 7.562 % | £12,473 | £177,423 |
| 6 Month Average | 16.051 % | £26,476 | £191,426 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £279,897 | £275,000 | 14 PARSLEY CLOSE |
| 23 Jun 2023 | £235,987 | £233,128 | HILLCREST SUNDERLAND ROAD |
| 8 Mar 2023 | £156,474 | £155,000 | 6 SUNDERLAND ROAD |
| 5 Aug 2022 | £99,732 | £100,000 | 1 GRANGE HOUSE SEASIDE LANE |
| 20 Jun 2022 | £180,552 | £178,000 | 65 PARSLEY CLOSE |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 19 Aug 2016. Using an estimated price of £218,494 means this house is valued at £2,121 per sq meter (£197 per sq foot).
There is one other house on the street which we know the size of, this is 7 LEA LANE it is 75.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Lea Lane |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lea Lane |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Sunderland Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Parsley Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Parsley Close |