£88,307
This estimated value is based upon the latest sale price for the house of £87,000 on 24 Nov 2023. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £87,000 | 24 Nov 2023 |
| Terraced |
| Freehold |
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 November 2023 the House Price Index for COUNTY DURHAM was 146.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.503%.Applying this 1.503% change to the original purchase price of £87,000 results in an estimated price of approximately £88,307.
| 24 Nov 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 148.6 | 1.503 % | £87,000 | £1,307 | £88,307 |
The Postcode Pricing Model uses changes in average sales price within the DL12 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 | 72.271 % | £62,875 | £149,875 |
| 3 Month Average | 19.489 % | £16,955 | £103,955 |
| 6 Month Average | 0.413 % | £359 | £87,359 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £485,495 | £477,000 | 59B GALGATE |
| 24 Nov 2023 | £88,307 | £87,000 | 118 GALGATE |
| 3 Nov 2023 | £111,653 | £110,000 | 17 GROVE PARK |
| 28 Apr 2023 | £63,180 | £62,500 | 29 GROVE PARK |
| 30 Nov 2022 | £70,150 | £71,000 | 35 GROVE PARK |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Under investigation | On or near Galgate |
| Feb 2024 | Drugs | Under investigation | On or near Galgate |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Galgate |
| Jan 2024 | Criminal damage and arson | Awaiting court outcome | On or near Galgate |
| Jan 2024 | Criminal damage and arson | Awaiting court outcome | On or near Galgate |