£157,727
This estimated value is based upon the latest sale price for the house of £33,000 on 27 Mar 1998. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£33,000 | 27 Mar 1998 |
Terraced |
Freehold |
Floor Area: 191 sq meters or 2,055 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 1998 the House Price Index for DURHAM was 31.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 377.961%.Applying this 377.961% change to the original purchase price of £33,000 results in an estimated price of approximately £157,727.
27 Mar 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.1 | 148.6 | 377.961 % | £33,000 | £124,727 | £157,727 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 253.095 % | £83,521 | £116,521 |
3 Month Average | 223.682 % | £73,814 | £106,814 |
6 Month Average | 206.810 % | £68,247 | £101,247 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Nov 2023 | £71,052 | £70,000 | 1B LANGTONS TERRACE |
22 Sep 2023 | £266,406 | £263,000 | 7 ORCHID SQUARE |
31 Aug 2023 | £505,422 | £501,000 | WYNDHAM LODGE PRIMROSE HILL |
24 Jul 2023 | £91,228 | £90,000 | 55 LAMBOURNE CLOSE |
21 Mar 2023 | £120,637 | £119,500 | 52 CALLINGTON CLOSE |
This house has a floor area of 191 sq meters or 2,055 sq feet when measured on 18 Nov 2013. Using an estimated price of £157,727 means this house is valued at £825 per sq meter (£76 per sq foot).
The average size of a house on PANFIELD TERRACE is 192 sq meters (2,066 sq feet).
This house is the largest in the street with a floor area of 191 sq meters (2,055 sq feet).