£591,690
This estimated value is based upon the latest sale price for the house of £345,000 on 9 Feb 2012. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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Price Paid | Date |
---|---|
£345,000 | 9 Feb 2012 |
Detached |
Freehold |
Floor Area: 137 sq meters or 1,477 sq feet |
This model uses changes in the Official Land Registry House Price Index for COUNTY DURHAM to estimate the market value.
When this house was purchased in February 2012 the House Price Index for COUNTY DURHAM was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.505%.Applying this 71.505% change to the original purchase price of £345,000 results in an estimated price of approximately £591,690.
9 Feb 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.6 | 148.6 | 71.505 % | £345,000 | £246,690 | £591,690 |
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 | -20.475 % | £-70,637 | £274,362 |
3 Month Average | 9.738 % | £33,594 | £378,594 |
6 Month Average | 22.701 % | £78,317 | £423,317 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
23 Nov 2023 | £588,716 | £580,000 | GOLDRILL FARNLEY HEY ROAD |
18 Jan 2023 | £597,187 | £600,000 | FARNLEY HEY FARNLEY HEY ROAD |
3 Jan 2023 | £592,210 | £595,000 | ALBERT HOUSE THE AVENUE |
31 Mar 2022 | £1,139,889 | £1,100,000 | DUNSTER HOUSE THE AVENUE |
23 Mar 2022 | £489,116 | £472,000 | 41 THE AVENUE |
This house has a floor area of 137 sq meters or 1,477 sq feet when measured on 3 Feb 2011. Using an estimated price of £591,691 means this house is valued at £4,310 per sq meter (£400 per sq foot).
The average size of a house on THE AVENUE is 171 sq meters (1,847 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Anti-social behaviour | On or near Farnley Hey Road | |
Jan 2024 | Anti-social behaviour | On or near Farnley Hey Road | |
Jan 2024 | Anti-social behaviour | On or near Farnley Hey Road | |
Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Copeland Court |