£188,018
This estimated value is based upon the latest sale price for the house of £124,000 on 12 Sep 2014. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £124,000 | 12 Sep 2014 |
| £165,000 | 28 Sep 2007 |
| Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 September 2014 the House Price Index for DURHAM was 98.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 51.628%.Applying this 51.628% change to the original purchase price of £124,000 results in an estimated price of approximately £188,018.
| 12 Sep 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 149.7 | 51.628 % | £124,000 | £64,018 | £188,018 |
The Postcode Pricing Model uses changes in average sales price within the TS28 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 | 45.982 % | £57,018 | £181,018 |
| 3 Month Average | 8.261 % | £10,243 | £134,243 |
| 6 Month Average | -15.932 % | £-19,755 | £104,244 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £139,435 | £135,150 | 96 CHILLERTON WAY |
| 4 Oct 2023 | £61,394 | £60,000 | 27 NORTH ROAD EAST |
| 21 Sep 2023 | £81,803 | £80,000 | 12 MOOR LANE |
| 2 Jun 2023 | £96,433 | £94,500 | 15 CHILLERTON WAY |
| 29 Sep 2022 | £81,945 | £82,000 | 47 WINFORD GROVE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 10 Jul 2013. Using an estimated price of £188,019 means this house is valued at £2,265 per sq meter (£210 per sq foot).
The average size of a house on WINFORD GROVE is 99 sq meters (1,070 sq feet).