£113,489
This estimated value is based upon the latest sale price for the house of £82,000 on 11 Dec 2015. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £82,000 | 11 Dec 2015 |
| £40,000 | 24 Nov 2014 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 December 2015 the House Price Index for COUNTY DURHAM was 107.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 38.401%.Applying this 38.401% change to the original purchase price of £82,000 results in an estimated price of approximately £113,489.
| 11 Dec 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 148.6 | 38.401 % | £82,000 | £31,489 | £113,489 |
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 | 8.587 % | £7,041 | £89,041 |
| 3 Month Average | 2.187 % | £1,793 | £83,793 |
| 6 Month Average | 3.893 % | £3,192 | £85,192 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Aug 2023 | £97,352 | £96,500 | 90 FAULKNER ROAD |
| 28 Jul 2023 | £131,774 | £130,000 | 12 BOUSFIELD CRESCENT |
| 12 Jun 2023 | £399,843 | £395,000 | FIRST FLOOR AVENUE HOUSE GREENWELL ROAD |
| 9 Jun 2023 | £118,435 | £117,000 | 8 CENTRAL AVENUE |
| 21 Apr 2023 | £129,039 | £127,650 | 2 ELSTOB CLOSE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 21 Apr 2015. Using an estimated price of £113,489 means this house is valued at £1,351 per sq meter (£125 per sq foot).
The average size of a house on FAULKNER ROAD is 90 sq meters (970 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Supermarket | |
| Mar 2024 | Anti-social behaviour | On or near Supermarket | |
| Feb 2024 | Shoplifting | Further action is not in the public interest | On or near Supermarket |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |