£245,785
This estimated value is based upon the latest sale price for the house of £155,000 on 25 Mar 2014. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £155,000 | 25 Mar 2014 |
| £46,000 | 2 May 2003 |
| Detached |
| Freehold |
| Floor Area: 104 sq meters or 1,122 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 March 2014 the House Price Index for DURHAM was 94.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 58.571%.Applying this 58.571% change to the original purchase price of £155,000 results in an estimated price of approximately £245,785.
| 25 Mar 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.4 | 149.7 | 58.571 % | £155,000 | £90,785 | £245,785 |
The Postcode Pricing Model uses changes in average sales price within the TS29 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 | 7.074 % | £10,964 | £165,964 |
| 3 Month Average | -2.744 % | £-4,252 | £150,747 |
| 6 Month Average | 6.524 % | £10,112 | £165,112 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £48,749 | £48,000 | 72 STATION ROAD EAST |
| 22 Mar 2024 | £34,531 | £34,000 | 8 STATION ROAD WEST |
| 22 Mar 2024 | £38,593 | £38,000 | 19 STATION ROAD WEST |
| 30 Nov 2023 | £76,440 | £74,500 | 62 STATION ROAD EAST |
| 30 Nov 2023 | £76,440 | £74,500 | 62A STATION ROAD EAST |
This house has a floor area of 104 sq meters or 1,122 sq feet when measured on 27 Jan 2009. Using an estimated price of £245,786 means this house is valued at £2,357 per sq meter (£219 per sq foot).
The average size of a house on THORNLEY ROAD is 184 sq meters (1,981 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fairlawns Close |
| Jul 2024 | Possession of weapons | Formal action is not in the public interest | On or near Fairlawns Close |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Fairlawns Close |
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Fairlawns Close |
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Fairlawns Close |