£129,042
This estimated value is based upon the latest sale price for the house of £83,000 on 5 Oct 2007. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£83,000 | 5 Oct 2007 |
Terraced |
Freehold |
Floor Area: 81 sq meters or 871 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 2007 the House Price Index for DURHAM was 95.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.473%.Applying this 55.473% change to the original purchase price of £83,000 results in an estimated price of approximately £129,042.
5 Oct 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.6 | 148.6 | 55.473 % | £83,000 | £46,042 | £129,042 |
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 | -39.524 % | £-32,804 | £50,195 |
3 Month Average | -32.834 % | £-27,252 | £55,747 |
6 Month Average | -25.359 % | £-21,047 | £61,952 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
13 Dec 2023 | £33,588 | £33,000 | 12 MONCRIEFF TERRACE |
2 Nov 2023 | £117,742 | £115,999 | 13 GLEBE AVENUE |
20 Jul 2023 | £65,887 | £65,000 | 37 HAZEL CRESCENT |
7 Jun 2023 | £70,858 | £70,000 | 8 DAVIS TERRACE |
2 Jun 2023 | £85,030 | £84,000 | 120 OAK ROAD |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 25 Mar 2013. Using an estimated price of £129,043 means this house is valued at £1,593 per sq meter (£148 per sq foot).
The average size of a house on OAK ROAD is 86 sq meters (935 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Anti-social behaviour | On or near Davis Terrace | |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Davis Terrace |
Feb 2024 | Drugs | Offender given a caution | On or near Davis Terrace |
Jan 2024 | Possession of weapons | Under investigation | On or near Davis Terrace |
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Davis Terrace |