£84,449
This estimated value is based upon the latest sale price for the house of £38,500 on 18 Dec 2003. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£38,500 | 18 Dec 2003 |
£24,950 | 3 Jan 2002 |
Terraced |
Freehold |
Floor Area: 109 sq meters or 1,173 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 December 2003 the House Price Index for DURHAM was 68.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 119.349%.Applying this 119.349% change to the original purchase price of £38,500 results in an estimated price of approximately £84,449.
18 Dec 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
68.2 | 149.7 | 119.349 % | £38,500 | £45,949 | £84,449 |
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 | 30.998 % | £11,934 | £50,434 |
3 Month Average | 53.392 % | £20,555 | £59,055 |
6 Month Average | 49.759 % | £19,157 | £57,657 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Mar 2024 | £31,484 | £31,000 | 13 NINTH STREET |
7 Mar 2024 | £60,936 | £60,000 | 17 TENTH STREET |
30 Nov 2023 | £20,521 | £20,000 | 16 TEES STREET |
17 Nov 2023 | £38,477 | £37,500 | 21 NINTH STREET |
20 Sep 2023 | £34,766 | £34,000 | 4 TENTH STREET |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 5 Jul 2012. Using an estimated price of £84,449 means this house is valued at £774 per sq meter (£71 per sq foot).
The average size of a house on SOUTH TERRACE is 115 sq meters (1,244 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Possession of weapons | Offender given a caution | On or near Tees Street |
Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Tees Street |
May 2024 | Anti-social behaviour | On or near Tees Street | |
May 2024 | Anti-social behaviour | On or near Tees Street | |
May 2024 | Anti-social behaviour | On or near Tees Street |