£82,136
This estimated value is based upon the latest sale price for the house of £61,500 on 7 Jun 2016. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £61,500 | 7 Jun 2016 |
| Detached |
| Freehold |
| Floor Area: 92 sq meters or 990 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 June 2016 the House Price Index for COUNTY DURHAM was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £61,500 results in an estimated price of approximately £82,136.
| 7 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £61,500 | £20,636 | £82,136 |
The Postcode Pricing Model uses changes in average sales price within the SR8 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 | -12.867 % | £-7,913 | £53,586 |
| 3 Month Average | 9.770 % | £6,008 | £67,508 |
| 6 Month Average | 27.971 % | £17,202 | £78,702 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Mar 2024 | £60,000 | £60,000 | 104 LANCASTER HILL |
| 8 Dec 2023 | £60,305 | £59,250 | 130 WESTMORLAND RISE |
| 14 Jul 2023 | £78,050 | £77,000 | 41 CHESTER PLACE |
| 10 Jan 2023 | £49,766 | £50,000 | 41 WESTMORLAND RISE |
| 5 Aug 2022 | £66,820 | £67,000 | 55 LANCASTER HILL |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 5 Aug 2015. Using an estimated price of £82,136 means this house is valued at £892 per sq meter (£82 per sq foot).
The average size of a house on LANCASTER HILL is 81 sq meters (882 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Chester Place | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chester Place |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Chester Place |
| Jan 2024 | Anti-social behaviour | On or near Chester Place | |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chester Place |