£93,745
This estimated value is based upon the latest sale price for the house of £87,500 on 13 Dec 2021. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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Price Paid | Date |
---|---|
£87,500 | 13 Dec 2021 |
£75,000 | 15 Sep 2020 |
£70,000 | 8 Apr 2011 |
£70,000 | 20 Feb 2009 |
£79,950 | 10 Jun 2005 |
Semi-Detached |
Freehold |
Floor Area: 86 sq meters or 925 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 December 2021 the House Price Index for COUNTY DURHAM was 138.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.138%.Applying this 7.138% change to the original purchase price of £87,500 results in an estimated price of approximately £93,745.
13 Dec 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.7 | 148.6 | 7.138 % | £87,500 | £6,245 | £93,745 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -18.854 % | £-16,497 | £71,002 |
3 Month Average | -0.613 % | £-536 | £86,963 |
6 Month Average | 1.712 % | £1,498 | £88,998 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Aug 2023 | £505,422 | £501,000 | WYNDHAM LODGE PRIMROSE HILL |
24 Jul 2023 | £91,228 | £90,000 | 55 LAMBOURNE CLOSE |
30 Jun 2023 | £65,797 | £65,000 | 85 LAMBOURNE CLOSE |
24 Feb 2023 | £106,928 | £107,000 | 8 CARNATION AVENUE |
3 Nov 2022 | £1,581 | £1,600 | 2 ALWYN CLOSE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 26 Jun 2020. Using an estimated price of £93,746 means this house is valued at £1,090 per sq meter (£101 per sq foot).
The average size of a house on ALWYN CLOSE is 99 sq meters (1,067 sq feet).