£110,114
This estimated value is based upon the latest sale price for the house of £90,000 on 14 Feb 2020. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £90,000 | 14 Feb 2020 |
| £50,000 | 8 May 2009 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 2020 the House Price Index for COUNTY DURHAM was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £90,000 results in an estimated price of approximately £110,114.
| 14 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.349 % | £90,000 | £20,114 | £110,114 |
The Postcode Pricing Model uses changes in average sales price within the SR7 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 | -30.396 % | £-27,356 | £62,643 |
| 3 Month Average | 5.397 % | £4,857 | £94,857 |
| 6 Month Average | 8.878 % | £7,990 | £97,990 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £81,091 | £80,000 | 36 BETHUNE AVENUE |
| 17 Mar 2023 | £88,837 | £88,000 | 3 FRANK AVENUE |
| 27 Feb 2023 | £64,956 | £65,000 | 13 COLLING AVENUE |
| 11 Nov 2022 | £121,528 | £123,000 | 2 EXETER AVENUE |
| 19 Jul 2022 | £121,327 | £121,000 | 18 EXETER AVENUE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 19 Oct 2019. Using an estimated price of £110,114 means this house is valued at £1,529 per sq meter (£142 per sq foot).
The average size of a house on THE AVENUE is 77 sq meters (835 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Laurel Avenue |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Police Station |