£114,771
This estimated value is based upon the latest sale price for the house of £60,000 on 8 Oct 2004. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £60,000 | 8 Oct 2004 |
| £17,950 | 18 Dec 1999 |
| £14,000 | 24 Jan 1995 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 64 sq meters or 688 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 2004 the House Price Index for DURHAM was 78.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 91.287%.Applying this 91.287% change to the original purchase price of £60,000 results in an estimated price of approximately £114,771.
| 8 Oct 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.3 | 149.7 | 91.287 % | £60,000 | £54,771 | £114,771 |
The Postcode Pricing Model uses changes in average sales price within the SR7 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 | 23.607 % | £14,164 | £74,164 |
| 3 Month Average | 33.680 % | £20,208 | £80,208 |
| 6 Month Average | 39.129 % | £23,477 | £83,477 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Oct 2023 | £171,904 | £168,000 | 73 NORTHLEA ROAD |
| 17 Oct 2023 | £102,324 | £100,000 | 27 DUKE STREET |
| 31 Aug 2023 | £125,768 | £123,500 | 18 CHEVIOT GARDENS |
| 9 Aug 2023 | £142,571 | £140,000 | 37 CHEVIOT GARDENS |
| 17 Apr 2023 | £88,658 | £87,000 | 27 CHEVIOT GARDENS |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 6 Nov 2018. Using an estimated price of £114,772 means this house is valued at £1,793 per sq meter (£166 per sq foot).
The average size of a house on STATION ROAD is 99 sq meters (1,075 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Station Road |
| Aug 2024 | Public order | Investigation complete; no suspect identified | On or near Earl Street |
| Aug 2024 | Anti-social behaviour | On or near Earl Street | |
| Aug 2024 | Anti-social behaviour | On or near Earl Street | |
| Aug 2024 | Anti-social behaviour | On or near Earl Street |