£40,976
This estimated value is based upon the latest sale price for the house of £33,500 on 15 May 2020. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £33,500 | 15 May 2020 |
| £79,950 | 6 Oct 2006 |
| £50,000 | 7 Feb 2005 |
| £31,000 | 14 Feb 1997 |
| £15,500 | 19 Dec 1996 |
| 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 May 2020 the House Price Index for DURHAM was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.318%.Applying this 22.318% change to the original purchase price of £33,500 results in an estimated price of approximately £40,976.
| 15 May 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.318 % | £33,500 | £7,476 | £40,976 |
The Postcode Pricing Model uses changes in average sales price within the DL4 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 | 5.781 % | £1,936 | £35,436 |
| 3 Month Average | 18.967 % | £6,353 | £39,853 |
| 6 Month Average | 13.824 % | £4,631 | £38,131 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Mar 2024 | £34,000 | £34,000 | 17 GEORGE STREET |
| 29 Nov 2023 | £62,932 | £62,000 | 4 FREVILLE STREET |
| 13 Nov 2023 | £74,097 | £73,000 | 18 BYERLEY ROAD |
| 10 Nov 2023 | £62,932 | £62,000 | 31 BYERLEY ROAD |
| 19 Jun 2023 | £40,440 | £39,950 | 6 GEORGE STREET |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 5 Nov 2013. Using an estimated price of £40,977 means this house is valued at £525 per sq meter (£48 per sq foot).
The average size of a house on FREVILLE STREET is 83 sq meters (893 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Action to be taken by another organisation | On or near Freville Street |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Osborne Street |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Osborne Street |
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Osborne Street |
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Osborne Street |