£97,690
This estimated value is based upon the latest sale price for the house of £73,000 on 29 Sep 2016. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £73,000 | 29 Sep 2016 |
| £105,000 | 11 Jan 2008 |
| £40,950 | 7 May 1999 |
| Terraced |
| Freehold |
| Floor Area: 59 sq meters or 635 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 September 2016 the House Price Index for DURHAM was 111.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.822%.Applying this 33.822% change to the original purchase price of £73,000 results in an estimated price of approximately £97,690.
| 29 Sep 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 149.7 | 33.822 % | £73,000 | £24,690 | £97,690 |
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 | 89.601 % | £65,408 | £138,408 |
| 3 Month Average | 12.182 % | £8,892 | £81,892 |
| 6 Month Average | 7.990 % | £5,832 | £78,832 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £7,451,073 | £7,222,116 | ASDA STORES LTD ST ANDREWS LANE |
| 20 Jun 2023 | £67,350 | £66,000 | 37 BAMBURGH PARADE |
| 28 Apr 2023 | £61,144 | £60,000 | 83 ROWAN COURT |
| 24 Mar 2023 | £68,646 | £67,500 | 41 BAMBURGH PARADE |
| 1 Aug 2022 | £87,409 | £87,000 | 57 ROWAN COURT |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 7 Jul 2016. Using an estimated price of £97,690 means this house is valued at £1,655 per sq meter (£153 per sq foot).
The average size of a house on ROWAN COURT is 59 sq meters (638 sq feet).