£49,770
This estimated value is based upon the latest sale price for the house of £33,000 on 3 Oct 2014. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £33,000 | 3 Oct 2014 |
| Terraced |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 October 2014 the House Price Index for COUNTY DURHAM was 99.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.819%.Applying this 50.819% change to the original purchase price of £33,000 results in an estimated price of approximately £49,770.
| 3 Oct 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 149.7 | 50.819 % | £33,000 | £16,770 | £49,770 |
The Postcode Pricing Model uses changes in average sales price within the SR8 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 | -24.159 % | £-7,972 | £25,027 |
| 3 Month Average | -17.698 % | £-5,840 | £27,159 |
| 6 Month Average | -12.685 % | £-4,186 | £28,813 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Apr 2024 | £32,280 | £32,000 | 13 THIRTEENTH STREET |
| 18 Mar 2024 | £49,765 | £49,000 | 1 SUNDERLAND ROAD |
| 13 Mar 2024 | £37,577 | £37,000 | 49 TWELFTH STREET |
| 20 Dec 2023 | £23,729 | £23,000 | 16 TWELFTH STREET |
| 6 Nov 2023 | £51,302 | £50,000 | 45 TWELFTH STREET |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 29 May 2014. Using an estimated price of £49,770 means this house is valued at £460 per sq meter (£42 per sq foot).
The average size of a house on SOUTH TERRACE is 115 sq meters (1,244 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Thirteenth Street |
| May 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Thirteenth Street |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Thirteenth Street |
| May 2024 | Other theft | Unable to prosecute suspect | On or near Thirteenth Street |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Thirteenth Street |