£96,868
This estimated value is based upon the latest sale price for the house of £58,500 on 4 Jul 2008. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £58,500 | 4 Jul 2008 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 July 2008 the House Price Index for DURHAM was 90.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 65.586%.Applying this 65.586% change to the original purchase price of £58,500 results in an estimated price of approximately £96,868.
| 4 Jul 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.4 | 149.7 | 65.586 % | £58,500 | £38,368 | £96,868 |
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 | -32.917 % | £-19,256 | £39,243 |
| 3 Month Average | -22.578 % | £-13,208 | £45,291 |
| 6 Month Average | -17.722 % | £-10,367 | £48,132 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Apr 2024 | £30,515 | £30,250 | 2 EIGHTH STREET |
| 18 Mar 2024 | £40,619 | £39,995 | 85 SEVENTH STREET |
| 8 Mar 2024 | £31,484 | £31,000 | 13 NINTH STREET |
| 21 Dec 2023 | £38,173 | £37,000 | 91 SEVENTH STREET |
| 23 Nov 2023 | £38,990 | £38,000 | 79 SEVENTH STREET |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 15 Sep 2014. Using an estimated price of £96,868 means this house is valued at £1,424 per sq meter (£132 per sq foot).
The average size of a house on EIGHTH STREET is 74 sq meters (806 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Seventh Street | |
| Jul 2024 | Violence and sexual offences | Awaiting court outcome | On or near Eighth Street |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Eighth Street |
| Jul 2024 | Criminal damage and arson | Awaiting court outcome | On or near Eighth Street |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Eighth Street |