£199,634
This estimated value is based upon the latest sale price for the house of £162,000 on 2 Oct 2018. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £162,000 | 2 Oct 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 October 2018 the House Price Index for COUNTY DURHAM was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £162,000 results in an estimated price of approximately £199,634.
| 2 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £162,000 | £37,634 | £199,634 |
The Postcode Pricing Model uses changes in average sales price within the SR7 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 | 41.197 % | £66,739 | £228,739 |
| 3 Month Average | -3.147 % | £-5,098 | £156,901 |
| 6 Month Average | 8.603 % | £13,936 | £175,936 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £188,650 | £187,000 | 70 WOODLANDS |
| 30 Jun 2023 | £68,834 | £68,000 | 62 BURNHALL DRIVE |
| 27 Jan 2023 | £253,804 | £255,000 | 72 NEASHAM ROAD |
| 9 Sep 2022 | £190,462 | £192,000 | 40 WOODLANDS |
| 2 Mar 2022 | £64,766 | £62,500 | 46 BURNHALL DRIVE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 14 May 2014. Using an estimated price of £199,634 means this house is valued at £2,811 per sq meter (£261 per sq foot).
The average size of a house on WOODLANDS is 111 sq meters (1,195 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Burnhall Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Woodlands |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Neasham Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Neasham Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Normanby Close |