£56,873
This estimated value is based upon the latest sale price for the house of £56,000 on 25 Mar 2024. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£56,000 | 25 Mar 2024 |
£57,000 | 24 Jul 2015 |
£14,000 | 6 Mar 1998 |
Terraced |
Freehold |
Floor Area: 89 sq meters or 957 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 March 2024 the House Price Index for DURHAM was 147.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.560%.Applying this 1.560% change to the original purchase price of £56,000 results in an estimated price of approximately £56,873.
25 Mar 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
147.4 | 149.7 | 1.560 % | £56,000 | £873 | £56,873 |
The Postcode Pricing Model uses changes in average sales price within the DH9 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 | 74.557 % | £41,751 | £97,751 |
3 Month Average | 26.676 % | £14,938 | £70,938 |
6 Month Average | 11.964 % | £6,699 | £62,699 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Apr 2024 | £105,920 | £105,000 | 2 WOODSIDE TERRACE |
28 Mar 2024 | £54,335 | £53,500 | 80 FOURTH STREET |
25 Mar 2024 | £56,874 | £56,000 | 16 SECOND STREET |
19 Dec 2023 | £51,585 | £50,000 | 49 THIRD STREET |
13 Dec 2023 | £82,485 | £79,950 | 43 THIRD STREET |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 9 Aug 2013. Using an estimated price of £56,874 means this house is valued at £639 per sq meter (£59 per sq foot).
The average size of a house on SECOND STREET is 120 sq meters (1,291 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Oct 2024 | Violence and sexual offences | Under investigation | On or near Sports/Recreation Area |
Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sports/Recreation Area |
Oct 2024 | Violence and sexual offences | Under investigation | On or near Sports/Recreation Area |
Sep 2024 | Violence and sexual offences | Under investigation | On or near Sports/Recreation Area |
Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sports/Recreation Area |