£182,322
This estimated value is based upon the latest sale price for the house of £124,000 on 29 May 2015. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £124,000 | 29 May 2015 |
| £52,995 | 20 Dec 2001 |
| Terraced |
| Freehold |
| Floor Area: 61 sq meters or 656 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 May 2015 the House Price Index for DURHAM was 101.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 47.034%.Applying this 47.034% change to the original purchase price of £124,000 results in an estimated price of approximately £182,322.
| 29 May 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 149.7 | 47.034 % | £124,000 | £58,322 | £182,322 |
The Postcode Pricing Model uses changes in average sales price within the DH2 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 | 52.063 % | £64,557 | £188,557 |
| 3 Month Average | 20.335 % | £25,214 | £149,214 |
| 6 Month Average | 3.464 % | £4,294 | £128,294 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £100,876 | £100,000 | 27 GIBSIDE |
| 8 Sep 2023 | £155,938 | £152,500 | 16 BRINKBURN |
| 17 Feb 2023 | £140,941 | £140,000 | 16 GIBSIDE |
| 27 May 2022 | £241,286 | £235,000 | 2 BRINKBURN |
| 27 May 2022 | £133,477 | £130,000 | 21 GIBSIDE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 20 Oct 2014. Using an estimated price of £182,323 means this house is valued at £2,988 per sq meter (£277 per sq foot).
The average size of a house on BRINKBURN is 72 sq meters (777 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Brinkburn |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Brinkburn |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Brinkburn |
| Oct 2024 | Anti-social behaviour | On or near Gibside | |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Gibside |