£66,809
This estimated value is based upon the latest sale price for the house of £66,000 on 20 Jun 2023. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £66,000 | 20 Jun 2023 |
| £58,500 | 23 Dec 2020 |
| £82,500 | 26 Sep 2005 |
| £32,500 | 27 Aug 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 sq feet |
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 2023 the House Price Index for DURHAM was 146.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.226%.Applying this 1.226% change to the original purchase price of £66,000 results in an estimated price of approximately £66,809.
| 20 Jun 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.8 | 148.6 | 1.226 % | £66,000 | £809 | £66,809 |
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 | -41.158 % | £-27,164 | £38,835 |
| 3 Month Average | -19.482 % | £-12,858 | £53,141 |
| 6 Month Average | -9.054 % | £-5,975 | £60,024 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £7,350,730 | £7,222,116 | ASDA STORES LTD ST ANDREWS LANE |
| 8 Dec 2023 | £66,158 | £65,000 | 15 ST ANDREWS HOUSE BISHOPS CLOSE |
| 21 Jul 2023 | £88,694 | £87,500 | 55 ROWAN COURT |
| 20 Jun 2023 | £66,809 | £66,000 | 37 BAMBURGH PARADE |
| 28 Apr 2023 | £60,653 | £60,000 | 83 ROWAN COURT |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 14 Nov 2016. Using an estimated price of £66,809 means this house is valued at £1,284 per sq meter (£119 per sq foot).
The average size of a house on BAMBURGH PARADE is 66 sq meters (712 sq feet).