£776,402
This estimated value is based upon the latest sale price for the house of £490,000 on 6 Dec 2013. 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 Wear View
More crime details
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| Price Paid | Date |
|---|---|
| £490,000 | 6 Dec 2013 |
| £300,000 | 17 Oct 2006 |
| 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 December 2013 the House Price Index for DURHAM was 92.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 58.450%.Applying this 58.450% change to the original purchase price of £490,000 results in an estimated price of approximately £776,402.
| 6 Dec 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.6 | 146.7 | 58.450 % | £490,000 | £286,402 | £776,402 |
The Postcode Pricing Model uses changes in average sales price within the DH1 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 | 17.240 % | £84,475 | £574,475 |
| 3 Month Average | 27.141 % | £132,990 | £622,990 |
| 6 Month Average | 28.836 % | £141,297 | £631,297 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Under investigation | On or near Wear View |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Bakehouse Lane |
| Mar 2024 | Anti-social behaviour | On or near Wearside Drive | |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Wearside Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Gilesgate Close |