£295,776
This estimated value is based upon the latest sale price for the house of £60,000 on 19 Sep 1997. 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 The Close
More crime details
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| Price Paid | Date |
|---|---|
| £60,000 | 19 Sep 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 September 1997 the House Price Index for DURHAM was 29.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 392.960%.Applying this 392.960% change to the original purchase price of £60,000 results in an estimated price of approximately £295,776.
| 19 Sep 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.8 | 146.7 | 392.960 % | £60,000 | £235,776 | £295,776 |
The Postcode Pricing Model uses changes in average sales price within the DL16 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 | 243.373 % | £146,023 | £206,023 |
| 3 Month Average | 106.819 % | £64,091 | £124,091 |
| 6 Month Average | 151.032 % | £90,619 | £150,619 |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 27 Jul 2016.
There is one other house on the street which we know the size of, this is 4 THE CLOSE it is 91.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Formal action is not in the public interest | On or near The Close |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Durham Road |
| Feb 2024 | Burglary | Awaiting court outcome | On or near Lumley Close |
| Jan 2024 | Anti-social behaviour | On or near Bowes Grove | |
| Jan 2024 | Anti-social behaviour | On or near Bowes Grove |