£225,427
This estimated value is based upon the latest sale price for the house of £117,000 on 13 Aug 2004. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £117,000 | 13 Aug 2004 |
| £51,000 | 16 Jun 2001 |
| 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 August 2004 the House Price Index for COUNTY DURHAM was 77.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 92.673%.Applying this 92.673% change to the original purchase price of £117,000 results in an estimated price of approximately £225,427.
| 13 Aug 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.1 | 148.6 | 92.673 % | £117,000 | £108,427 | £225,427 |
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 | -3.266 % | £-3,820 | £113,179 |
| 3 Month Average | 0.521 % | £609 | £117,609 |
| 6 Month Average | 18.618 % | £21,782 | £138,782 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £157,115 | £155,000 | 3 WHITELEA CLOSE |
| 24 Mar 2023 | £103,980 | £103,000 | 32 EASTDENE WAY |
| 20 Jan 2023 | £139,344 | £140,000 | 62 EASTDENE WAY |
| 25 Nov 2022 | £88,873 | £89,950 | 51 MANOR WAY |
| 21 Oct 2022 | £113,775 | £115,000 | 76 EASTDENE WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Possession of weapons | Formal action is not in the public interest | On or near Eastdene Way |
| Dec 2023 | Violence and sexual offences | Offender given a caution | On or near Cornfield Garth |