£49,780
This estimated value is based upon the latest sale price for the house of £39,999 on 21 Mar 2019. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £39,999 | 21 Mar 2019 |
| Freehold |
| Floor Area: 57 sq meters or 613 sq feet |
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 March 2019 the House Price Index for COUNTY DURHAM was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.453%.Applying this 24.453% change to the original purchase price of £39,999 results in an estimated price of approximately £49,780.
| 21 Mar 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.453 % | £39,999 | £9,781 | £49,780 |
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 | 33.217 % | £13,286 | £53,285 |
| 3 Month Average | 37.961 % | £15,183 | £55,182 |
| 6 Month Average | 22.982 % | £9,192 | £49,191 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 May 2024 | £47,000 | £47,000 | RED CROSS SHOP BEAMISH STREET |
| 29 Sep 2023 | £25,564 | £25,000 | 7 BEAMISH STREET |
| 30 Aug 2023 | £137,480 | £135,000 | 58 FRONT STREET |
| 26 Jun 2023 | £214,294 | £210,000 | 37 FRONT STREET |
| 19 Jun 2023 | £168,374 | £165,000 | ROYAL HOTEL FRONT STREET |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 15 Mar 2019. Using an estimated price of £49,780 means this house is valued at £873 per sq meter (£81 per sq foot).
The average size of a house on BEAMISH STREET is 99 sq meters (1,075 sq feet).
This house is the smallest in the street with a floor area of 57 sq meters (613 sq feet).