£189,834
This estimated value is based upon the latest sale price for the house of £59,950 on 20 Dec 2001. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£59,950 | 20 Dec 2001 |
Terraced |
Freehold |
Floor Area: 80 sq meters or 861 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 December 2001 the House Price Index for DURHAM was 46.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 216.655%.Applying this 216.655% change to the original purchase price of £59,950 results in an estimated price of approximately £189,834.
20 Dec 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
46.9 | 148.6 | 216.655 % | £59,950 | £129,884 | £189,834 |
The Postcode Pricing Model uses changes in average sales price within the DH3 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 | 113.369 % | £67,964 | £127,914 |
3 Month Average | 107.590 % | £64,500 | £124,450 |
6 Month Average | 109.256 % | £65,499 | £125,449 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Nov 2023 | £139,566 | £137,500 | 41 LANCASTER TERRACE |
25 Aug 2023 | £110,971 | £110,000 | 40 LANCASTER TERRACE |
18 Aug 2023 | £121,059 | £120,000 | 19 LANCASTER TERRACE |
28 Jul 2023 | £126,705 | £125,000 | 73 LANCASTER TERRACE |
28 Mar 2023 | £121,141 | £120,000 | 64 LANCASTER TERRACE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 1 Sep 2020. Using an estimated price of £189,835 means this house is valued at £2,372 per sq meter (£220 per sq foot).
The average size of a house on LANCASTER TERRACE is 90 sq meters (972 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lancaster Terrace |
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lancaster Terrace |
Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Lancaster Terrace |
Jan 2024 | Possession of weapons | Awaiting court outcome | On or near Ropery Lane |
Mar 2024 | Anti-social behaviour | On or near Holmlands Park |