£612,867
This estimated value is based upon the latest sale price for the house of £140,000 on 2 Jun 1999. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £140,000 | 2 Jun 1999 |
| 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 June 1999 the House Price Index for COUNTY DURHAM was 33.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 337.762%.Applying this 337.762% change to the original purchase price of £140,000 results in an estimated price of approximately £612,867.
| 2 Jun 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 33.9 | 148.6 | 337.762 % | £140,000 | £472,867 | £612,867 |
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 | 62.008 % | £86,810 | £226,810 |
| 3 Month Average | 75.132 % | £105,185 | £245,185 |
| 6 Month Average | 97.474 % | £136,463 | £276,463 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Aug 2023 | £102,899 | £101,999 | 33 LITTLE EDEN |
| 14 Jul 2023 | £55,750 | £55,000 | 5 CUMBRIAN WAY |
| 14 Jul 2023 | £91,223 | £89,995 | 18 BRANDLINGS WAY |
| 9 Jun 2023 | £94,646 | £93,500 | 44 BRANDLINGS WAY |
| 27 Apr 2023 | £80,871 | £80,000 | 9 - 11 BURNHOPE WAY |