£277,600
This estimated value is based upon the latest sale price for the house of £59,500 on 16 Oct 1998. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £59,500 | 16 Oct 1998 |
| £58,950 | 10 Oct 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 October 1998 the House Price Index for DURHAM was 32.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 366.555%.Applying this 366.555% change to the original purchase price of £59,500 results in an estimated price of approximately £277,600.
| 16 Oct 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 149.7 | 366.555 % | £59,500 | £218,100 | £277,600 |
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 | 180.931 % | £107,653 | £167,153 |
| 3 Month Average | 166.401 % | £99,008 | £158,508 |
| 6 Month Average | 137.283 % | £81,683 | £141,183 |
| 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 73 sq meters or 785 sq feet when measured on 31 Jul 2014. Using an estimated price of £277,600 means this house is valued at £3,802 per sq meter (£353 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 |