£40,965
This estimated value is based upon the latest sale price for the house of £33,000 on 22 Nov 2018. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £33,000 | 22 Nov 2018 |
| £24,000 | 7 Sep 2018 |
| £75,000 | 15 Nov 2006 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 November 2018 the House Price Index for DURHAM was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.139%.Applying this 24.139% change to the original purchase price of £33,000 results in an estimated price of approximately £40,965.
| 22 Nov 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.139 % | £33,000 | £7,965 | £40,965 |
The Postcode Pricing Model uses changes in average sales price within the DL14 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 | -18.811 % | £-6,207 | £26,792 |
| 3 Month Average | -16.484 % | £-5,439 | £27,560 |
| 6 Month Average | -16.846 % | £-5,559 | £27,440 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £58,998 | £57,500 | 8 HARRISON CRESCENT |
| 10 Mar 2023 | £25,425 | £25,000 | 31 WEARDALE DRIVE |
| 3 Mar 2023 | £64,070 | £63,000 | 45 WEARDALE DRIVE |
| 22 Feb 2023 | £83,558 | £83,000 | 7 RICHARDSON AVENUE |
| 6 Jul 2022 | £65,658 | £65,000 | 66 WEST LANE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 21 Jun 2019. Using an estimated price of £40,966 means this house is valued at £576 per sq meter (£53 per sq foot).
The average size of a house on WEST LANE is 84 sq meters (910 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Weardale Drive |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Weardale Drive |
| Jun 2024 | Anti-social behaviour | On or near Weardale Drive | |
| Jun 2024 | Anti-social behaviour | On or near Weardale Drive | |
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Weardale Drive |