£68,141
This estimated value is based upon the latest sale price for the house of £67,500 on 24 Mar 2023. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £67,500 | 24 Mar 2023 |
| £56,500 | 7 Mar 2014 |
| £47,950 | 1 Aug 2003 |
| £34,000 | 24 Sep 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 570 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 March 2023 the House Price Index for DURHAM was 147.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.951%.Applying this 0.951% change to the original purchase price of £67,500 results in an estimated price of approximately £68,141.
| 24 Mar 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 148.6 | 0.951 % | £67,500 | £641 | £68,141 |
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 | -38.224 % | £-25,800 | £41,699 |
| 3 Month Average | -25.315 % | £-17,087 | £50,412 |
| 6 Month Average | -18.273 % | £-12,334 | £55,165 |
| 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 53 sq meters or 570 sq feet when measured on 1 Nov 2013. Using an estimated price of £68,142 means this house is valued at £1,285 per sq meter (£119 per sq foot).
The average size of a house on BAMBURGH PARADE is 66 sq meters (712 sq feet).
This house is the largest in the street with a floor area of 53 sq meters (570 sq feet).