£108,481
This estimated value is based upon the latest sale price for the house of £31,750 on 22 Jun 2001. This value is then adjusted by the current Official House Price Index for DURHAM 1
There has been one burglary within the last year on or near Second Avenue
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| Price Paid | Date |
|---|---|
| £31,750 | 22 Jun 2001 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 June 2001 the House Price Index for DURHAM was 43.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 241.675%.Applying this 241.675% change to the original purchase price of £31,750 results in an estimated price of approximately £108,481.
| 22 Jun 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 43.8 | 149.7 | 241.675 % | £31,750 | £76,731 | £108,481 |
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 | 134.320 % | £42,646 | £74,396 |
| 3 Month Average | 132.124 % | £41,949 | £73,699 |
| 6 Month Average | 117.701 % | £37,369 | £69,119 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £116,794 | £115,000 | 103 SECOND AVENUE |
| 6 Mar 2024 | £70,077 | £69,000 | 33 GRAY AVENUE |
| 1 Sep 2023 | £158,494 | £155,000 | 15 YETHOLM AVENUE |
| 17 Aug 2023 | £127,296 | £125,000 | 52 CLEVELAND AVENUE |
| 11 Aug 2023 | £140,535 | £138,000 | 9 YETHOLM AVENUE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 14 Nov 2014. Using an estimated price of £108,482 means this house is valued at £1,390 per sq meter (£129 per sq foot).
The average size of a house on GRAY AVENUE is 80 sq meters (871 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Second Avenue |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Second Avenue |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Second Avenue |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Second Avenue |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Second Avenue |