£5,545
This estimated value is based upon the latest sale price for the house of £4,500 on 19 Oct 2018. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £4,500 | 19 Oct 2018 |
| Freehold |
| Floor Area: 88 sq meters or 947 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 October 2018 the House Price Index for COUNTY DURHAM was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £4,500 results in an estimated price of approximately £5,545.
| 19 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £4,500 | £1,045 | £5,545 |
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 | 8.011 % | £360 | £4,860 |
| 3 Month Average | 7.610 % | £342 | £4,842 |
| 6 Month Average | 14.486 % | £651 | £5,151 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Mar 2024 | £60,000 | £60,000 | 104 LANCASTER HILL |
| 17 Nov 2023 | £71,001 | £69,950 | 87 LANCASTER HILL |
| 18 Aug 2023 | £181,589 | £180,000 | 4 COTTINGHAM CLOSE |
| 14 Jul 2023 | £101,364 | £100,000 | 84 GLOUCESTER PLACE |
| 28 Apr 2023 | £267,884 | £265,000 | 6 WOODMANSEY CLOSE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 11 Oct 2013. Using an estimated price of £5,545 means this house is valued at £63 per sq meter (£5 per sq foot).
The average size of a house on WARWICK PLACE is 96 sq meters (1,040 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Local resolution | On or near Gloucester Place |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gloucester Place |
| Jan 2024 | Criminal damage and arson | Offender given a caution | On or near Gloucester Place |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Gloucester Place |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Gloucester Place |