£215,429
This estimated value is based upon the latest sale price for the house of £200,000 on 12 Nov 2021. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £200,000 | 12 Nov 2021 |
| £116,000 | 29 Mar 2018 |
| Semi-Detached |
| Freehold |
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 November 2021 the House Price Index for COUNTY DURHAM was 137.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 7.715%.Applying this 7.715% change to the original purchase price of £200,000 results in an estimated price of approximately £215,429.
| 12 Nov 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.0 | 7.715 % | £200,000 | £15,429 | £215,429 |
The Postcode Pricing Model uses changes in average sales price within the SR7 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 | 10.596 % | £21,191 | £221,191 |
| 3 Month Average | -4.604 % | £-9,207 | £190,792 |
| 6 Month Average | -12.831 % | £-25,662 | £174,337 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Nov 2023 | £121,561 | £120,000 | 2 MELROSE AVENUE |
| 14 Nov 2023 | £151,951 | £150,000 | 32 BROADOAKS |
| 6 Oct 2022 | £160,563 | £162,950 | 29 STATION ROAD SOUTH |
| 5 Aug 2022 | £171,342 | £172,500 | 35 STATION ROAD SOUTH |
| 29 Jul 2022 | £113,347 | £113,500 | 22 MELROSE AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Broadoaks |
| Jan 2024 | Other theft | Under investigation | On or near Broadoaks |
| Jan 2024 | Anti-social behaviour | On or near Briar Glen | |
| Jan 2024 | Anti-social behaviour | On or near Briar Glen |