£119,877
This estimated value is based upon the latest sale price for the house of £26,000 on 17 Jul 1998. This value is then adjusted by the current Official House Price Index for DURHAM 1
There has been one burglary within the last year on or near Faulkner Road
More crime details
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £26,000 | 17 Jul 1998 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 July 1998 the House Price Index for DURHAM was 31.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 361.066%.Applying this 361.066% change to the original purchase price of £26,000 results in an estimated price of approximately £119,877.
| 17 Jul 1998 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.8 | 146.7 | 361.066 % | £26,000 | £93,877 | £119,877 |
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 | 233.085 % | £60,602 | £86,602 |
| 3 Month Average | 145.350 % | £37,791 | £63,791 |
| 6 Month Average | 167.188 % | £43,468 | £69,468 |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 15 Jan 2019.
The average size of a house on FAULKNER ROAD is 90 sq meters (970 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Faulkner Road |
| Dec 2023 | Violence and sexual offences | Further action is not in the public interest | On or near Dalton Way |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Dalton Way |
| Dec 2023 | Violence and sexual offences | Offender given a caution | On or near Dalton Way |
| Dec 2023 | Violence and sexual offences | Further action is not in the public interest | On or near Dalton Way |