£78,578
This estimated value is based upon the latest sale price for the house of £58,000 on 15 Jan 2016. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £58,000 | 15 Jan 2016 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 979 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 January 2016 the House Price Index for COUNTY DURHAM was 108.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 35.481%.Applying this 35.481% change to the original purchase price of £58,000 results in an estimated price of approximately £78,578.
| 15 Jan 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 146.7 | 35.481 % | £58,000 | £20,578 | £78,578 |
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 | 78.408 % | £45,476 | £103,476 |
| 3 Month Average | 8.987 % | £5,212 | £63,212 |
| 6 Month Average | 17.904 % | £10,384 | £68,384 |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 29 Nov 2013.
The average size of a house on LORAINE WALK is 101 sq meters (1,092 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Burn Lane | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Burn Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Burn Lane |
| Feb 2024 | Anti-social behaviour | On or near Burn Lane | |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Burn Lane |