£126,785
This estimated value is based upon the latest sale price for the house of £22,500 on 20 Jun 1995. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £22,500 | 20 Jun 1995 |
| Terraced |
| 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 June 1995 the House Price Index for DURHAM was 26.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 463.491%.Applying this 463.491% change to the original purchase price of £22,500 results in an estimated price of approximately £126,785.
| 20 Jun 1995 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.4 | 148.6 | 463.491 % | £22,500 | £104,285 | £126,785 |
The Postcode Pricing Model uses changes in average sales price within the DH9 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 | 252.265 % | £56,759 | £79,259 |
| 3 Month Average | 161.689 % | £36,380 | £58,880 |
| 6 Month Average | 205.525 % | £46,243 | £68,743 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2023 | £136,191 | £135,000 | 58 FRONT STREET |
| 26 Jun 2023 | £212,575 | £210,000 | 37 FRONT STREET |
| 19 Jun 2023 | £167,023 | £165,000 | ROYAL HOTEL FRONT STREET |
| 24 Apr 2023 | £171,850 | £170,000 | 56 FRONT STREET |
| 30 Mar 2023 | £287,711 | £285,000 | STANLEY CENTRE FRONT STREET |