£162,903
This estimated value is based upon the latest sale price for the house of £95,000 on 27 Jul 2012. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
There has been one burglary within the last year on or near Institute Terrace West
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| Price Paid | Date |
|---|---|
| £95,000 | 27 Jul 2012 |
| £94,950 | 19 May 2004 |
| £58,500 | 28 Nov 2003 |
| 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 July 2012 the House Price Index for COUNTY DURHAM was 87.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.478%.Applying this 71.478% change to the original purchase price of £95,000 results in an estimated price of approximately £162,903.
| 27 Jul 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 149.7 | 71.478 % | £95,000 | £67,903 | £162,903 |
The Postcode Pricing Model uses changes in average sales price within the DH2 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 | 31.634 % | £30,052 | £125,052 |
| 3 Month Average | 11.389 % | £10,819 | £105,819 |
| 6 Month Average | 1.431 % | £1,359 | £96,359 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £117,995 | £115,000 | 12 INSTITUTE TERRACE EAST |
| 19 Sep 2023 | £74,134 | £72,500 | 10 INSTITUTE TERRACE WEST |
| 18 Aug 2023 | £122,153 | £119,950 | 24 WANSBECK CLOSE |
| 10 Mar 2023 | £132,208 | £130,000 | 4 LYNE CLOSE |
| 17 Nov 2022 | £79,628 | £80,000 | 22 FRONT STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Institute Terrace West |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Institute Terrace West |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Institute Terrace West |
| Oct 2024 | Anti-social behaviour | On or near Conway Place | |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Conway Place |