£167,549
This estimated value is based upon the latest sale price for the house of £108,000 on 14 Nov 2007. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £108,000 | 14 Nov 2007 |
| £41,000 | 10 Aug 2001 |
| Terraced |
| Freehold |
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 November 2007 the House Price Index for DURHAM was 95.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.138%.Applying this 55.138% change to the original purchase price of £108,000 results in an estimated price of approximately £167,549.
| 14 Nov 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.8 | 148.6 | 55.138 % | £108,000 | £59,549 | £167,549 |
The Postcode Pricing Model uses changes in average sales price within the DL4 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 | -42.459 % | £-45,856 | £62,143 |
| 3 Month Average | -39.139 % | £-42,270 | £65,729 |
| 6 Month Average | -29.874 % | £-32,263 | £75,736 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Sep 2023 | £59,258 | £58,500 | 1 WATERLOO TERRACE |
| 7 Aug 2023 | £88,777 | £88,000 | 10 AUCKLAND WYND |
| 16 Jun 2023 | £76,932 | £76,000 | 2 PRINCES STREET |
| 24 Mar 2023 | £77,731 | £76,999 | 31 PRINCES STREET |
| 3 Feb 2023 | £79,946 | £80,000 | 32 WEST ROAD |