£116,760
This estimated value is based upon the latest sale price for the house of £87,500 on 21 Oct 2016. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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Price Paid | Date |
---|---|
£87,500 | 21 Oct 2016 |
Terraced |
Freehold |
Floor Area: 138 sq meters or 1,491 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 October 2016 the House Price Index for COUNTY DURHAM was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £87,500 results in an estimated price of approximately £116,760.
21 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
112.2 | 149.7 | 33.441 % | £87,500 | £29,260 | £116,760 |
The Postcode Pricing Model uses changes in average sales price within the SR8 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 | -1.963 % | £-1,717 | £85,782 |
3 Month Average | 11.221 % | £9,818 | £97,318 |
6 Month Average | 12.525 % | £10,959 | £98,459 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Apr 2024 | £80,701 | £80,000 | 4 WEAR TERRACE |
7 Nov 2023 | £66,693 | £65,000 | 12 WEAR TERRACE |
13 Oct 2023 | £189,299 | £185,000 | 55 HOLM HILL GARDENS |
29 Sep 2023 | £155,426 | £152,000 | 27 HOLM HILL GARDENS |
18 Aug 2023 | £61,102 | £60,000 | 1 TENNYSON ROAD |
This house has a floor area of 138 sq meters or 1,491 sq feet when measured on 29 Sep 2010. Using an estimated price of £116,761 means this house is valued at £842 per sq meter (£78 per sq foot).
The average size of a house on WEAR TERRACE is 127 sq meters (1,376 sq feet).
This house is the largest in the street with a floor area of 138 sq meters (1,491 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Tennyson Road | |
Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Whickham Street |
Jun 2024 | Vehicle crime | Under investigation | On or near St Nicholas Terrace |
Jun 2024 | Violence and sexual offences | Under investigation | On or near St Nicholas Terrace |
May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Paradise Lane |