£56,056
This estimated value is based upon the latest sale price for the house of £55,000 on 13 May 2022. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £55,000 | 13 May 2022 |
| £60,000 | 28 Aug 2020 |
| £54,000 | 5 May 2005 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 2022 the House Price Index for DURHAM was 145.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.920%.Applying this 1.920% change to the original purchase price of £55,000 results in an estimated price of approximately £56,056.
| 13 May 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 148.6 | 1.920 % | £55,000 | £1,056 | £56,056 |
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 | -21.044 % | £-11,574 | £43,425 |
| 3 Month Average | -23.912 % | £-13,151 | £41,848 |
| 6 Month Average | -7.832 % | £-4,307 | £50,692 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £43,646 | £43,000 | 58 ALBERT STREET |
| 11 Sep 2023 | £43,557 | £43,000 | 49 ALBERT STREET |
| 29 Jun 2023 | £56,181 | £55,500 | 71 ALBERT STREET |
| 28 Apr 2023 | £55,599 | £55,000 | 28 KING EDWARD STREET |
| 13 May 2022 | £56,056 | £55,000 | 25 KING EDWARD STREET |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 14 Nov 2013. Using an estimated price of £56,056 means this house is valued at £667 per sq meter (£61 per sq foot).
The average size of a house on KING EDWARD STREET is 88 sq meters (954 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near King Edward Street |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near King Edward Street |
| Mar 2024 | Anti-social behaviour | On or near Foundry Street | |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near St Paul'S Terrace |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near North Terrace |