£278,903
This estimated value is based upon the latest sale price for the house of £250,000 on 20 Aug 2021. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £250,000 | 20 Aug 2021 |
| £155,000 | 22 Aug 2017 |
| Terraced |
| Freehold |
| Floor Area: 115 sq meters or 1,237 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 August 2021 the House Price Index for COUNTY DURHAM was 133.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 11.562%.Applying this 11.562% change to the original purchase price of £250,000 results in an estimated price of approximately £278,903.
| 20 Aug 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 148.6 | 11.562 % | £250,000 | £28,903 | £278,903 |
The Postcode Pricing Model uses changes in average sales price within the DL12 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 | -1.764 % | £-4,408 | £245,591 |
| 3 Month Average | -5.043 % | £-12,607 | £237,392 |
| 6 Month Average | -14.823 % | £-37,057 | £212,942 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £284,986 | £280,000 | 12 RICHARDSON FIELDS |
| 28 Apr 2023 | £63,180 | £62,500 | 29 GROVE PARK |
| 10 Jan 2023 | £229,917 | £231,000 | DULWICH HOUSE GALGATE |
| 30 Nov 2022 | £70,150 | £71,000 | 35 GROVE PARK |
| 31 Aug 2022 | £82,279 | £82,500 | 14 GROVE PARK |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 4 May 2017. Using an estimated price of £278,904 means this house is valued at £2,425 per sq meter (£225 per sq foot).
The average size of a house on VICTORIA ROAD is 106 sq meters (1,149 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Further investigation is not in the public interest | On or near Beaconsfield Court |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Beaconsfield Court |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Beaconsfield Court |
| Dec 2023 | Drugs | Further action is not in the public interest | On or near Richardson Fields |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near A67 |