£85,712
This estimated value is based upon the latest sale price for the house of £40,000 on 12 Jan 2004. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £40,000 | 12 Jan 2004 |
| £40,000 | 12 Jan 2004 |
| £19,000 | 14 Jun 1999 |
| 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 January 2004 the House Price Index for DURHAM was 69.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 114.281%.Applying this 114.281% change to the original purchase price of £40,000 results in an estimated price of approximately £85,712.
| 12 Jan 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 69.3 | 148.6 | 114.281 % | £40,000 | £45,712 | £85,712 |
The Postcode Pricing Model uses changes in average sales price within the DL5 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 | 89.580 % | £35,832 | £75,832 |
| 3 Month Average | 59.741 % | £23,896 | £63,896 |
| 6 Month Average | 54.187 % | £21,674 | £61,674 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Sep 2023 | £65,842 | £65,000 | 196 THORNTON CLOSE |
| 11 Sep 2023 | £124,593 | £123,000 | 16 KESTREL COURT |
| 24 Aug 2023 | £61,791 | £61,250 | 22 BAKEWELL PLACE |
| 18 Aug 2023 | £68,600 | £68,000 | 288 HEDLEY CLOSE |
| 5 Apr 2023 | £75,816 | £75,000 | 217 THORNTON CLOSE |