£109,895
This estimated value is based upon the latest sale price for the house of £72,000 on 2 May 2014. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £72,000 | 2 May 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 86 sq meters or 925 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 May 2014 the House Price Index for COUNTY DURHAM was 96.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 52.632%.Applying this 52.632% change to the original purchase price of £72,000 results in an estimated price of approximately £109,895.
| 2 May 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 146.7 | 52.632 % | £72,000 | £37,895 | £109,895 |
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 | -20.694 % | £-14,899 | £57,100 |
| 3 Month Average | -7.597 % | £-5,470 | £66,529 |
| 6 Month Average | 11.822 % | £8,512 | £80,512 |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 17 Oct 2014.
The average size of a house on OAK ROAD is 86 sq meters (935 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Offender given a caution | On or near Davis Terrace |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Davis Terrace |
| Jan 2024 | Possession of weapons | Under investigation | On or near Davis Terrace |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Davis Terrace |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Davis Terrace |