£228,752
This estimated value is based upon the latest sale price for the house of £50,000 on 6 Nov 1998. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £50,000 | 6 Nov 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 November 1998 the House Price Index for DURHAM was 32.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 357.505%.Applying this 357.505% change to the original purchase price of £50,000 results in an estimated price of approximately £228,752.
| 6 Nov 1998 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 146.7 | 357.505 % | £50,000 | £178,752 | £228,752 |
The Postcode Pricing Model uses changes in average sales price within the DL15 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 | 243.584 % | £121,791 | £171,791 |
| 3 Month Average | 247.842 % | £123,920 | £173,920 |
| 6 Month Average | 190.828 % | £95,413 | £145,413 |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 27 Mar 2015.
The average size of a house on BURNHOPE CLOSE is 95 sq meters (1,030 sq feet).
This house is the largest in the street with a floor area of 98 sq meters (1,054 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Awaiting court outcome | On or near Murphy Close |
| Feb 2024 | Possession of weapons | Awaiting court outcome | On or near Murphy Close |
| Jan 2024 | Anti-social behaviour | On or near Collier Close | |
| Jan 2024 | Anti-social behaviour | On or near Collier Close | |
| Jan 2024 | Anti-social behaviour | On or near Collier Close |