£229,158
This estimated value is based upon the latest sale price for the house of £227,000 on 31 Mar 2023. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £227,000 | 31 Mar 2023 |
| £174,000 | 17 Jan 2014 |
| Semi-Detached |
| Freehold |
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 March 2023 the House Price Index for COUNTY DURHAM was 147.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.951%.Applying this 0.951% change to the original purchase price of £227,000 results in an estimated price of approximately £229,158.
| 31 Mar 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 148.6 | 0.951 % | £227,000 | £2,158 | £229,158 |
The Postcode Pricing Model uses changes in average sales price within the DH3 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 | 128.611 % | £291,946 | £518,946 |
| 3 Month Average | 0.595 % | £1,350 | £228,350 |
| 6 Month Average | -12.524 % | £-28,430 | £198,569 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £252,201 | £249,995 | 73 LYNDHURST AVENUE |
| 1 Aug 2023 | £453,971 | £450,000 | THE LAMBTON WORM PUBLIC HOUSE, 52 NORTH ROAD |
| 31 Mar 2023 | £229,159 | £227,000 | 41 WEAR LODGE |
| 9 Nov 2022 | £244,044 | £247,000 | 65 LYNDHURST AVENUE |
| 25 Jul 2022 | £451,215 | £450,000 | 8 LOW FLATTS ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Further investigation is not in the public interest | On or near Wear Lodge |
| Apr 2024 | Anti-social behaviour | On or near Low Flatts Road | |
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Sports/Recreation Area |
| Apr 2024 | Violence and sexual offences | Further investigation is not in the public interest | On or near Sports/Recreation Area |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sports/Recreation Area |