£124,012
This estimated value is based upon the latest sale price for the house of £93,000 on 18 Mar 2016. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £93,000 | 18 Mar 2016 |
| £115,000 | 20 Jun 2007 |
| £44,150 | 4 May 2001 |
| £41,250 | 30 May 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 53 sq meters or 570 sq feet |
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 March 2016 the House Price Index for DURHAM was 110.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 33.347%.Applying this 33.347% change to the original purchase price of £93,000 results in an estimated price of approximately £124,012.
| 18 Mar 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 146.7 | 33.347 % | £93,000 | £31,012 | £124,012 |
The Postcode Pricing Model uses changes in average sales price within the DL5 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 | 86.629 % | £80,564 | £173,564 |
| 3 Month Average | 27.999 % | £26,039 | £119,039 |
| 6 Month Average | 22.512 % | £20,936 | £113,936 |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 9 Mar 2016.
The average size of a house on FARNHAM CLOSE is 59 sq meters (636 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Farnham Close |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Brook Close |
| Dec 2023 | Other theft | Unable to prosecute suspect | On or near Village Close |
| Feb 2024 | Anti-social behaviour | On or near Kirkham Close | |
| Feb 2024 | Anti-social behaviour | On or near Kirkham Close |