£72,607
This estimated value is based upon the latest sale price for the house of £50,000 on 11 Jun 2015. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £50,000 | 11 Jun 2015 |
| Terraced |
| 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 June 2015 the House Price Index for COUNTY DURHAM was 102.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.215%.Applying this 45.215% change to the original purchase price of £50,000 results in an estimated price of approximately £72,607.
| 11 Jun 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 148.6 | 45.215 % | £50,000 | £22,607 | £72,607 |
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 | -19.300 % | £-9,650 | £40,349 |
| 3 Month Average | -25.127 % | £-12,563 | £37,436 |
| 6 Month Average | -10.281 % | £-5,140 | £44,859 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Jul 2023 | £96,296 | £95,000 | 4 LEVEN WALK |
| 17 Jul 2023 | £67,407 | £66,500 | HEARTS OF OAK OAKERSIDE DRIVE |
| 27 Feb 2023 | £83,944 | £84,000 | 4 MEDWAY CLOSE |
| 2 Aug 2022 | £64,826 | £65,000 | 62 WELLAND CLOSE |
| 1 Jul 2022 | £50,135 | £50,000 | 1 TEES CLOSE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 13 Jan 2014. Using an estimated price of £72,607 means this house is valued at £825 per sq meter (£76 per sq foot).
The average size of a house on SKERNE CLOSE is 95 sq meters (1,033 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Welland Close |