£98,230
This estimated value is based upon the latest sale price for the house of £95,999 on 19 Oct 2023. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £95,999 | 19 Oct 2023 |
| £66,000 | 4 Aug 2023 |
| £50,000 | 10 Jul 2014 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 2023 the House Price Index for COUNTY DURHAM was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £95,999 results in an estimated price of approximately £98,230.
| 19 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £95,999 | £2,231 | £98,230 |
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 | 42.416 % | £40,718 | £136,717 |
| 3 Month Average | -1.937 % | £-1,859 | £94,139 |
| 6 Month Average | -5.118 % | £-4,913 | £91,085 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jul 2024 | £69,950 | £69,950 | 34 PENTLAND CLOSE |
| 24 May 2024 | £89,950 | £89,950 | 7 POLDEN CLOSE |
| 20 Mar 2024 | £90,389 | £89,000 | 56 PENTLAND CLOSE |
| 19 Oct 2023 | £98,230 | £95,999 | 100 PENTLAND CLOSE |
| 6 Oct 2023 | £50,139 | £49,000 | 82 PENTLAND CLOSE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 28 Apr 2014. Using an estimated price of £98,230 means this house is valued at £1,227 per sq meter (£114 per sq foot).
The average size of a house on PENTLAND CLOSE is 94 sq meters (1,016 sq feet).