£393,355
This estimated value is based upon the latest sale price for the house of £350,000 on 19 Aug 2021. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £350,000 | 19 Aug 2021 |
| £62,500 | 28 Apr 2011 |
| Freehold |
| Floor Area: 129 sq meters or 1,399 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 August 2021 the House Price Index for COUNTY DURHAM was 133.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 12.387%.Applying this 12.387% change to the original purchase price of £350,000 results in an estimated price of approximately £393,355.
| 19 Aug 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 149.7 | 12.387 % | £350,000 | £43,355 | £393,355 |
The Postcode Pricing Model uses changes in average sales price within the DH9 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 | 10.069 % | £35,241 | £385,241 |
| 3 Month Average | 15.777 % | £55,218 | £405,218 |
| 6 Month Average | 15.285 % | £53,497 | £403,497 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 May 2024 | £47,000 | £47,000 | RED CROSS SHOP BEAMISH STREET |
| 18 Oct 2023 | £49,116 | £48,000 | 27 BEACONSFIELD STREET |
| 29 Sep 2023 | £25,564 | £25,000 | 7 BEAMISH STREET |
| 26 Jun 2023 | £214,294 | £210,000 | 37 FRONT STREET |
| 19 Jun 2023 | £168,374 | £165,000 | ROYAL HOTEL FRONT STREET |
This house has a floor area of 129 sq meters or 1,399 sq feet when measured on 22 Mar 2011. Using an estimated price of £393,356 means this house is valued at £3,026 per sq meter (£281 per sq foot).