£73,412
This estimated value is based upon the latest sale price for the house of £71,500 on 19 May 2022. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £71,500 | 19 May 2022 |
| £60,000 | 16 Nov 2020 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 May 2022 the House Price Index for COUNTY DURHAM was 145.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.675%.Applying this 2.675% change to the original purchase price of £71,500 results in an estimated price of approximately £73,412.
| 19 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £71,500 | £1,912 | £73,412 |
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 | -7.216 % | £-5,159 | £66,340 |
| 3 Month Average | -13.961 % | £-9,982 | £61,517 |
| 6 Month Average | -11.600 % | £-8,293 | £63,206 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £53,867 | £52,500 | 40 CEDAR GROVE |
| 16 Aug 2023 | £61,102 | £60,000 | 8 CEDAR GROVE |
| 5 Jun 2023 | £93,881 | £92,000 | 47 MAPLE AVENUE |
| 18 Jan 2023 | £65,174 | £65,000 | 22 FIR TREE |
| 19 May 2022 | £73,413 | £71,500 | 3 JASMINE AVENUE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 10 Aug 2020. Using an estimated price of £73,413 means this house is valued at £863 per sq meter (£80 per sq foot).
The average size of a house on JASMINE AVENUE is 91 sq meters (988 sq feet).
This house is the largest in the street with a floor area of 85 sq meters (914 sq feet).