£43,038
This estimated value is based upon the latest sale price for the house of £28,000 on 27 Jun 2014. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £28,000 | 27 Jun 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 881 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 June 2014 the House Price Index for COUNTY DURHAM was 96.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 53.707%.Applying this 53.707% change to the original purchase price of £28,000 results in an estimated price of approximately £43,038.
| 27 Jun 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 148.6 | 53.707 % | £28,000 | £15,038 | £43,038 |
The Postcode Pricing Model uses changes in average sales price within the DL17 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 | 27.390 % | £7,669 | £35,669 |
| 3 Month Average | 20.427 % | £5,719 | £33,719 |
| 6 Month Average | 28.376 % | £7,945 | £35,945 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £41,730 | £41,000 | 30 DARLINGTON ROAD |
| 23 Aug 2023 | £58,512 | £58,000 | 45 DARLINGTON ROAD |
| 10 Aug 2023 | £79,696 | £78,999 | 44 PARKER TERRACE |
| 25 Jul 2023 | £110,487 | £109,000 | 8 CONISTON ROAD |
| 21 Jul 2023 | £72,982 | £72,000 | 28 GRASMERE ROAD |
This house has a floor area of 81 sq meters or 881 sq feet when measured on 11 May 2011. Using an estimated price of £43,038 means this house is valued at £525 per sq meter (£48 per sq foot).
The average size of a house on GRASMERE ROAD is 98 sq meters (1,060 sq feet).