£127,422
This estimated value is based upon the latest sale price for the house of £82,000 on 11 Mar 2014. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £82,000 | 11 Mar 2014 |
| £82,000 | 4 Aug 2004 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 2014 the House Price Index for DURHAM was 94.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 55.394%.Applying this 55.394% change to the original purchase price of £82,000 results in an estimated price of approximately £127,422.
| 11 Mar 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.4 | 146.7 | 55.394 % | £82,000 | £45,422 | £127,422 |
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 | 63.860 % | £52,365 | £134,365 |
| 3 Month Average | 18.992 % | £15,573 | £97,573 |
| 6 Month Average | 30.178 % | £24,745 | £106,745 |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 31 May 2013.
The average size of a house on OAKFIELD is 89 sq meters (958 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Oakfield |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Oakfield |
| Mar 2024 | Anti-social behaviour | On or near Beechfield | |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Beechfield |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Beechfield |