£131,466
This estimated value is based upon the latest sale price for the house of £122,000 on 29 Sep 2021. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £122,000 | 29 Sep 2021 |
| £60,000 | 22 May 2020 |
| £105,000 | 13 Jun 2007 |
| Terraced |
| Freehold |
| Floor Area: 126 sq meters or 1,356 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 2021 the House Price Index for DURHAM was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £122,000 results in an estimated price of approximately £131,466.
| 29 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £122,000 | £9,466 | £131,466 |
The Postcode Pricing Model uses changes in average sales price within the DH8 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 | -27.967 % | £-34,120 | £87,879 |
| 3 Month Average | 1.122 % | £1,369 | £123,369 |
| 6 Month Average | -11.259 % | £-13,736 | £108,263 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £89,058 | £87,500 | 5 ROSEBERRY TERRACE |
| 8 Dec 2023 | £83,969 | £82,500 | 1 NIALLESWAY PALMERSTON STREET |
| 30 Jun 2023 | £116,461 | £115,050 | OLD POST OFFICE BUILDINGS FRONT STREET |
| 27 Jun 2023 | £118,435 | £117,000 | 6 PALMERSTON STREET |
| 4 Apr 2023 | £85,925 | £85,000 | 5 TEMPLE FORGE MEWS |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 24 Sep 2018. Using an estimated price of £131,466 means this house is valued at £1,043 per sq meter (£96 per sq foot).
The average size of a house on PALMERSTON STREET is 113 sq meters (1,218 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Palmerston Street | |
| Jan 2024 | Anti-social behaviour | On or near Palmerston Street | |
| Jan 2024 | Anti-social behaviour | On or near Palmerston Street | |
| Jan 2024 | Anti-social behaviour | On or near Palmerston Street | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Back Palmerston Street |