£98,475
This estimated value is based upon the latest sale price for the house of £58,300 on 3 Oct 2006. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £58,300 | 3 Oct 2006 |
| Terraced |
| Freehold |
| Floor Area: 39 sq meters or 419 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 October 2006 the House Price Index for DURHAM was 88.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 68.912%.Applying this 68.912% change to the original purchase price of £58,300 results in an estimated price of approximately £98,475.
| 3 Oct 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.0 | 148.6 | 68.912 % | £58,300 | £40,175 | £98,475 |
The Postcode Pricing Model uses changes in average sales price within the DH1 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 | -20.989 % | £-12,236 | £46,063 |
| 3 Month Average | -2.524 % | £-1,471 | £56,828 |
| 6 Month Average | 10.687 % | £6,230 | £64,530 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Jun 2023 | £32,766 | £32,369 | 4 NEWCASTLE TERRACE |
| 31 Mar 2023 | £100,951 | £100,000 | 20 GARDEN AVENUE |
| 3 Mar 2023 | £100,951 | £100,000 | 6 DURHAM TERRACE |
| 18 Nov 2022 | £79,043 | £80,000 | 24 GARDEN AVENUE |
| 4 Nov 2022 | £90,899 | £92,000 | 12 VICTORIA COURT |
This house has a floor area of 39 sq meters or 419 sq feet when measured on 1 Aug 2015. Using an estimated price of £98,476 means this house is valued at £2,525 per sq meter (£234 per sq foot).
The average size of a house on GARDEN AVENUE is 64 sq meters (696 sq feet).
This house is the smallest in the street with a floor area of 39 sq meters (419 sq feet).