£54,754
This estimated value is based upon the latest sale price for the house of £44,000 on 1 Feb 2019. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £44,000 | 1 Feb 2019 |
| £32,000 | 21 Dec 2017 |
| £20,000 | 24 Oct 1997 |
| Terraced |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 February 2019 the House Price Index for DURHAM was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.441%.Applying this 24.441% change to the original purchase price of £44,000 results in an estimated price of approximately £54,754.
| 1 Feb 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.441 % | £44,000 | £10,754 | £54,754 |
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 | 77.686 % | £34,181 | £78,181 |
| 3 Month Average | 5.984 % | £2,633 | £46,633 |
| 6 Month Average | -0.978 % | £-430 | £43,569 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £102,576 | £101,000 | 14 DURHAM ROAD |
| 14 Aug 2023 | £39,716 | £39,000 | 16 WOOD STREET |
| 24 Feb 2023 | £72,484 | £72,000 | 8 WOOD STREET |
| 12 Sep 2022 | £389,740 | £390,000 | 66 DURHAM STREET |
| 20 May 2022 | £64,172 | £62,500 | 50 DURHAM STREET |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 8 Aug 2018. Using an estimated price of £54,754 means this house is valued at £553 per sq meter (£51 per sq foot).
The average size of a house on WOOD STREET is 91 sq meters (985 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Public order | Under investigation | On or near Watson Street |
| Jun 2024 | Anti-social behaviour | On or near Wood Street | |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Watson Street |
| Jun 2024 | Anti-social behaviour | On or near Watson Street | |
| Jun 2024 | Drugs | Awaiting court outcome | On or near Watson Street |