£118,587
This estimated value is based upon the latest sale price for the house of £35,500 on 31 Aug 2001. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £35,500 | 31 Aug 2001 |
| Terraced |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 August 2001 the House Price Index for DURHAM was 44.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 234.049%.Applying this 234.049% change to the original purchase price of £35,500 results in an estimated price of approximately £118,587.
| 31 Aug 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.8 | 149.7 | 234.049 % | £35,500 | £83,087 | £118,587 |
The Postcode Pricing Model uses changes in average sales price within the DL16 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 | 185.530 % | £65,863 | £101,363 |
| 3 Month Average | 109.299 % | £38,801 | £74,301 |
| 6 Month Average | 102.925 % | £36,538 | £72,038 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £94,917 | £92,000 | 1 OHANLAN STREET |
| 31 Oct 2023 | £102,324 | £100,000 | 36 KING STREET |
| 18 Aug 2023 | £40,734 | £39,999 | 30 DURHAM ROAD |
| 10 Aug 2023 | £38,484 | £37,790 | 46 KING STREET |
| 2 Jun 2023 | £64,288 | £63,000 | 34 KING STREET |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 26 Aug 2012. Using an estimated price of £118,587 means this house is valued at £1,185 per sq meter (£110 per sq foot).
The average size of a house on DURHAM ROAD is 108 sq meters (1,166 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Possession of weapons | Unable to prosecute suspect | On or near Vine Street |
| Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Vine Street |
| Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Vine Street |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Brook Street |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Brook Street |