£160,405
This estimated value is based upon the latest sale price for the house of £128,000 on 16 Mar 2018. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £128,000 | 16 Mar 2018 |
| £31,750 | 8 Jan 1999 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 March 2018 the House Price Index for DURHAM was 118.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.317%.Applying this 25.317% change to the original purchase price of £128,000 results in an estimated price of approximately £160,405.
| 16 Mar 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 148.6 | 25.317 % | £128,000 | £32,405 | £160,405 |
The Postcode Pricing Model uses changes in average sales price within the DH1 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 | -3.178 % | £-4,067 | £123,932 |
| 3 Month Average | 24.247 % | £31,036 | £159,036 |
| 6 Month Average | 17.842 % | £22,837 | £150,837 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £202,590 | £200,000 | 9 PROSPECT TERRACE |
| 21 Jul 2023 | £948,769 | £936,000 | 5 CROSS VIEW TERRACE |
| 13 Jul 2023 | £283,820 | £280,000 | 8 KELLS BUILDINGS |
| 3 Apr 2023 | £298,211 | £295,000 | 10 KELLS BUILDINGS |
| 31 Mar 2023 | £217,045 | £215,000 | 15 CROSS VIEW TERRACE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 21 Nov 2012. Using an estimated price of £160,406 means this house is valued at £1,887 per sq meter (£175 per sq foot).
The average size of a house on PROSPECT TERRACE is 128 sq meters (1,385 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Further investigation is not in the public interest | On or near Relly Path |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cross View Terrace |
| Jan 2024 | Drugs | Under investigation | On or near Geoffrey Avenue |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near George Street |
| Dec 2023 | Anti-social behaviour | On or near Cross View Lane |