£163,653
This estimated value is based upon the latest sale price for the house of £44,000 on 21 Jul 2000. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £44,000 | 21 Jul 2000 |
| Detached |
| Freehold |
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 2000 the House Price Index for DURHAM was 40.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 271.941%.Applying this 271.941% change to the original purchase price of £44,000 results in an estimated price of approximately £163,653.
| 21 Jul 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.0 | 148.6 | 271.941 % | £44,000 | £119,653 | £163,653 |
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 | 52.392 % | £23,052 | £67,052 |
| 3 Month Average | 59.324 % | £26,102 | £70,102 |
| 6 Month Average | 77.878 % | £34,266 | £78,266 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £75,000 | £75,000 | 62 CHEVIOT PLACE |
| 19 Dec 2023 | £68,702 | £67,500 | 25 CLEVELAND PLACE |
| 9 Jun 2023 | £70,352 | £69,500 | 41 CHEVIOT PLACE |
| 2 Jun 2023 | £74,401 | £73,500 | 16 CLEVELAND PLACE |
| 28 Apr 2023 | £267,884 | £265,000 | 6 WOODMANSEY CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cheviot Place |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cheviot Place |
| Feb 2024 | Criminal damage and arson | Local resolution | On or near Cheviot Place |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cheviot Place |
| Dec 2023 | Anti-social behaviour | On or near Cheviot Place |