£21,583
This estimated value is based upon the latest sale price for the house of £18,000 on 25 Aug 2020. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £18,000 | 25 Aug 2020 |
| £25,000 | 7 Oct 2016 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 sq feet |
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 August 2020 the House Price Index for COUNTY DURHAM was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £18,000 results in an estimated price of approximately £21,583.
| 25 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.6 | 19.907 % | £18,000 | £3,583 | £21,583 |
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 | -20.359 % | £-3,664 | £14,335 |
| 3 Month Average | -30.815 % | £-5,546 | £12,453 |
| 6 Month Average | -6.185 % | £-1,113 | £16,886 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £20,301 | £20,000 | 16 TEES STREET |
| 17 Nov 2023 | £38,064 | £37,500 | 21 NINTH STREET |
| 20 Sep 2023 | £34,440 | £34,000 | 4 TENTH STREET |
| 12 Sep 2023 | £35,453 | £35,000 | 7 TEES STREET |
| 28 Jul 2023 | £33,450 | £33,000 | 29 TENTH STREET |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 6 Aug 2015. Using an estimated price of £21,583 means this house is valued at £299 per sq meter (£27 per sq foot).
The average size of a house on NINTH STREET is 78 sq meters (842 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Ninth Street |
| Apr 2024 | Anti-social behaviour | On or near Ninth Street | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ninth Street |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ninth Street |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Ninth Street |