£181,033
This estimated value is based upon the latest sale price for the house of £116,500 on 7 Mar 2014. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £116,500 | 7 Mar 2014 |
| £106,000 | 14 Jan 2005 |
| £55,500 | 14 Jun 2002 |
| £45,000 | 10 Oct 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 92 sq meters or 990 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 March 2014 the House Price Index for DURHAM was 94.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 55.394%.Applying this 55.394% change to the original purchase price of £116,500 results in an estimated price of approximately £181,033.
| 7 Mar 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.4 | 146.7 | 55.394 % | £116,500 | £64,533 | £181,033 |
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 | 63.860 % | £74,397 | £190,897 |
| 3 Month Average | 18.992 % | £22,125 | £138,625 |
| 6 Month Average | 30.178 % | £35,157 | £151,657 |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 14 Feb 2013.
The average size of a house on RITSON ROAD is 129 sq meters (1,392 sq feet).
This house is the smallest in the street with a floor area of 92 sq meters (990 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ritson Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bruce Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bruce Road |
| Mar 2024 | Anti-social behaviour | On or near Butler Road | |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Merz Road |