£65,019
This estimated value is based upon the latest sale price for the house of £62,000 on 7 Feb 2022. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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Price Paid | Date |
---|---|
£62,000 | 7 Feb 2022 |
£49,950 | 14 Aug 2015 |
£45,100 | 15 Jul 2011 |
£63,500 | 14 Jul 2005 |
Terraced |
Freehold |
Floor Area: 63 sq meters or 678 sq feet |
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 February 2022 the House Price Index for COUNTY DURHAM was 141.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 4.869%.Applying this 4.869% change to the original purchase price of £62,000 results in an estimated price of approximately £65,019.
7 Feb 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
141.7 | 148.6 | 4.869 % | £62,000 | £3,019 | £65,019 |
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 | -6.661 % | £-4,129 | £57,870 |
3 Month Average | -10.761 % | £-6,671 | £55,328 |
6 Month Average | -3.316 % | £-2,055 | £59,944 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Aug 2023 | £39,344 | £39,000 | 16 WOOD STREET |
24 Mar 2023 | £60,571 | £60,000 | 7 ALBION STREET |
17 Mar 2023 | £70,615 | £69,950 | 24 ALBION STREET |
12 Sep 2022 | £386,876 | £390,000 | 66 DURHAM STREET |
20 May 2022 | £63,700 | £62,500 | 50 DURHAM STREET |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 11 Oct 2021. Using an estimated price of £65,019 means this house is valued at £1,032 per sq meter (£95 per sq foot).
The average size of a house on ALBION STREET is 71 sq meters (767 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Under investigation | On or near Sports/Recreation Area |
Feb 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
Feb 2024 | Vehicle crime | Under investigation | On or near Sports/Recreation Area |
Feb 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
Feb 2024 | Anti-social behaviour | On or near Sports/Recreation Area |