£129,312
This estimated value is based upon the latest sale price for the house of £26,000 on 18 Aug 1997. This value is then adjusted by the current Official House Price Index for DURHAM 1
There have been four burglaries within the last year on or near Lough House Bank
More crime details
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| Price Paid | Date |
|---|---|
| £26,000 | 18 Aug 1997 |
| Terraced |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for DURHAM to estimate the market value.
When this house was purchased in August 1997 the House Price Index for DURHAM was 29.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 397.356%.Applying this 397.356% change to the original purchase price of £26,000 results in an estimated price of approximately £129,312.
| 18 Aug 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.5 | 146.7 | 397.356 % | £26,000 | £103,312 | £129,312 |
The Postcode Pricing Model uses changes in average sales price within the DL17 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 | 195.745 % | £50,893 | £76,893 |
| 3 Month Average | 119.558 % | £31,085 | £57,085 |
| 6 Month Average | 144.956 % | £37,688 | £63,688 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Unable to prosecute suspect | On or near Lough House Bank |
| Dec 2023 | Burglary | Unable to prosecute suspect | On or near Lough House Bank |
| Dec 2023 | Burglary | Unable to prosecute suspect | On or near Lough House Bank |
| Dec 2023 | Burglary | Under investigation | On or near Lough House Bank |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Chilton Lane |