£117,885
This estimated value is based upon the latest sale price for the house of £109,000 on 4 Nov 2021. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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Price Paid | Date |
---|---|
£109,000 | 4 Nov 2021 |
£102,000 | 6 Sep 2019 |
£70,000 | 1 May 2015 |
Terraced |
Freehold |
Floor Area: 87 sq meters or 936 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 November 2021 the House Price Index for COUNTY DURHAM was 137.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 8.151%.Applying this 8.151% change to the original purchase price of £109,000 results in an estimated price of approximately £117,885.
4 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
137.4 | 148.6 | 8.151 % | £109,000 | £8,885 | £117,885 |
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 | 22.144 % | £24,136 | £133,136 |
3 Month Average | -17.928 % | £-19,541 | £89,458 |
6 Month Average | -15.867 % | £-17,295 | £91,704 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
13 Dec 2023 | £213,740 | £210,000 | 10 SEATON PARK |
3 Mar 2023 | £100,446 | £99,500 | 2 MELROSE CRESCENT |
15 Feb 2023 | £114,923 | £115,000 | 127 MELROSE CRESCENT |
20 May 2022 | £127,401 | £125,000 | 23 MILLDALE |
6 May 2022 | £122,305 | £120,000 | 35 AMBLESIDE AVENUE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 5 Oct 2013. Using an estimated price of £117,885 means this house is valued at £1,355 per sq meter (£125 per sq foot).
The average size of a house on MELROSE CRESCENT is 80 sq meters (869 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Anti-social behaviour | On or near Seaton Park | |
Dec 2023 | Anti-social behaviour | On or near Seaton Park | |
Dec 2023 | Anti-social behaviour | On or near Seaton Park | |
Dec 2023 | Anti-social behaviour | On or near Seaton Park | |
Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Melrose Crescent |