£353,800
This estimated value is based upon the latest sale price for the house of £306,000 on 11 Dec 2020. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £306,000 | 11 Dec 2020 |
| £355,000 | 27 Mar 2020 |
| £370,000 | 16 Jul 2010 |
| 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 December 2020 the House Price Index for COUNTY DURHAM was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £306,000 results in an estimated price of approximately £353,800.
| 11 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 149.7 | 15.621 % | £306,000 | £47,800 | £353,800 |
The Postcode Pricing Model uses changes in average sales price within the DL14 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 | 13.978 % | £42,773 | £348,773 |
| 3 Month Average | -4.526 % | £-13,849 | £292,150 |
| 6 Month Average | -10.729 % | £-32,830 | £273,169 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2024 | £285,000 | £285,000 | LYNNBURN HOUSE, 12 CEMETERY ROAD |
| 28 Jun 2024 | £250,000 | £250,000 | 4 HIGH STREET |
| 30 Nov 2023 | £359,116 | £350,000 | 5 SCHOOL STREET |
| 23 Oct 2023 | £272,182 | £266,000 | 13 HIGH STREET |
| 24 Mar 2023 | £213,567 | £210,000 | 22 HIGH STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near School Street | |
| Jun 2024 | Anti-social behaviour | On or near School Street | |
| Jun 2024 | Anti-social behaviour | On or near School Street | |
| Jun 2024 | Anti-social behaviour | On or near School Street | |
| Aug 2024 | Violence and sexual offences | Awaiting court outcome | On or near St James Gardens |