£270,973
This estimated value is based upon the latest sale price for the house of £265,000 on 29 Sep 2023. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £265,000 | 29 Sep 2023 |
| £245,000 | 21 Jul 2022 |
| £167,100 | 12 May 2017 |
| £137,000 | 16 Dec 2013 |
| £49,950 | 26 Jun 1998 |
| Terraced |
| Freehold |
| Floor Area: 130 sq meters or 1,399 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 September 2023 the House Price Index for DURHAM was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £265,000 results in an estimated price of approximately £270,973.
| 29 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £265,000 | £5,973 | £270,973 |
The Postcode Pricing Model uses changes in average sales price within the SR7 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 | -54.031 % | £-143,183 | £121,816 |
| 3 Month Average | -17.053 % | £-45,190 | £219,809 |
| 6 Month Average | 0.234 % | £619 | £265,619 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £270,973 | £265,000 | 3 VICTORIA STREET |
| 30 Jun 2023 | £147,965 | £145,000 | 4 VICTORIA STREET |
| 31 Mar 2023 | £156,615 | £154,000 | 17 VICTORIA STREET |
| 22 Feb 2023 | £188,761 | £187,500 | 6 QUEEN STREET |
| 8 Sep 2022 | £349,766 | £350,000 | 18 MAUREEN TERRACE |
This house has a floor area of 130 sq meters or 1,399 sq feet when measured on 25 Jun 2012. Using an estimated price of £270,973 means this house is valued at £2,084 per sq meter (£193 per sq foot).
The average size of a house on VICTORIA STREET is 165 sq meters (1,781 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Public order | Investigation complete; no suspect identified | On or near Maureen Terrace |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Maureen Terrace |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Queen Street |
| Jul 2024 | Violence and sexual offences | Local resolution | On or near Queen Street |
| Jul 2024 | Violence and sexual offences | Local resolution | On or near Queen Street |