£79,627
This estimated value is based upon the latest sale price for the house of £80,000 on 17 Nov 2022. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £80,000 | 17 Nov 2022 |
| £63,000 | 28 Oct 2020 |
| £78,500 | 7 Sep 2007 |
| £33,000 | 11 Mar 2002 |
| £18,500 | 25 Jun 2001 |
| £26,500 | 17 Jul 1998 |
| Terraced |
| Freehold |
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 November 2022 the House Price Index for DURHAM was 150.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of -0.465%.Applying this -0.465% change to the original purchase price of £80,000 results in an estimated price of approximately £79,627.
| 17 Nov 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 149.7 | -0.465 % | £80,000 | £-372 | £79,627 |
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 | -16.993 % | £-13,594 | £66,405 |
| 3 Month Average | -34.850 % | £-27,880 | £52,119 |
| 6 Month Average | -27.211 % | £-21,768 | £58,231 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £117,995 | £115,000 | 12 INSTITUTE TERRACE EAST |
| 19 Sep 2023 | £74,134 | £72,500 | 10 INSTITUTE TERRACE WEST |
| 15 Sep 2023 | £112,480 | £110,000 | 98 BRECON PLACE |
| 18 Aug 2023 | £122,153 | £119,950 | 24 WANSBECK CLOSE |
| 10 Mar 2023 | £132,208 | £130,000 | 4 LYNE CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Conway Place | |
| Aug 2024 | Anti-social behaviour | On or near Conway Place | |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Conway Place |
| Aug 2024 | Anti-social behaviour | On or near Conway Place | |
| Aug 2024 | Anti-social behaviour | On or near Conway Place |