£653,922
This estimated value is based upon the latest sale price for the house of £107,500 on 6 Oct 2023. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £107,500 | 6 Oct 2023 |
| £100,000 | 14 Dec 2021 |
| £75,500 | 15 Jan 2020 |
| £89,995 | 2 Nov 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 65 sq meters or 699 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 2023 the House Price Index for COUNTY DURHAM was 24.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 508.300%.Applying this 508.300% change to the original purchase price of £107,500 results in an estimated price of approximately £653,922.
| 6 Oct 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 148.6 | 508.300 % | £107,500 | £546,422 | £653,922 |
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 | 5.875 % | £6,316 | £113,816 |
| 3 Month Average | -10.886 % | £-11,702 | £95,797 |
| 6 Month Average | -0.329 % | £-353 | £107,146 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £47,960 | £47,250 | 6 BUDDLE CLOSE |
| 3 Nov 2023 | £73,082 | £72,000 | 49 FAIRBAIRN ROAD |
| 24 Aug 2023 | £113,996 | £112,999 | 29 CRAWFORD AVENUE |
| 17 Aug 2023 | £102,899 | £101,999 | 5 RAMSEY CLOSE |
| 25 Jul 2023 | £96,296 | £95,000 | 4 RAMSEY CLOSE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 28 Jul 2021.
The average size of a house on FAIRBAIRN ROAD is 72 sq meters (778 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ramsey Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Jarvis Road |
| Feb 2024 | Vehicle crime | Under investigation | On or near Buddle Close |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Buddle Close |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Buddle Close |