£71,085
This estimated value is based upon the latest sale price for the house of £54,000 on 27 Jan 2017. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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Price Paid | Date |
---|---|
£54,000 | 27 Jan 2017 |
£45,000 | 30 May 2014 |
£39,950 | 12 Sep 2011 |
£75,000 | 18 Sep 2009 |
Terraced |
Freehold |
Floor Area: 84 sq meters or 911 sq feet |
This model uses changes in the Official Land Registry House Price Index for COUNTY DURHAM to estimate the market value.
When this house was purchased in January 2017 the House Price Index for COUNTY DURHAM was 113.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 31.640%.Applying this 31.640% change to the original purchase price of £54,000 results in an estimated price of approximately £71,085.
27 Jan 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
113.7 | 149.7 | 31.640 % | £54,000 | £17,085 | £71,085 |
The Postcode Pricing Model uses changes in average sales price within the SR8 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 | 92.015 % | £49,687 | £103,687 |
3 Month Average | 39.821 % | £21,503 | £75,503 |
6 Month Average | 21.510 % | £11,615 | £65,615 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 May 2024 | £60,000 | £60,000 | 9 RABY AVENUE |
15 Mar 2024 | £50,780 | £50,000 | 34 WEST AVENUE |
24 Oct 2023 | £74,185 | £72,500 | 5 THE CRESCENT |
14 Jun 2023 | £59,186 | £58,000 | 28 GEORGE AVENUE |
8 Jun 2023 | £66,839 | £65,500 | 19 RABY AVENUE |
This house has a floor area of 84 sq meters or 911 sq feet when measured on 22 Jul 2011. Using an estimated price of £71,086 means this house is valued at £839 per sq meter (£77 per sq foot).
The average size of a house on GEORGE AVENUE is 106 sq meters (1,143 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Crescent |
Jun 2024 | Anti-social behaviour | On or near The Crescent | |
Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Crescent |
Jun 2024 | Anti-social behaviour | On or near The Crescent | |
Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near The Crescent |