£74,464
This estimated value is based upon the latest sale price for the house of £40,000 on 21 Mar 2005. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £40,000 | 21 Mar 2005 |
| Terraced |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 2005 the House Price Index for DURHAM was 79.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 86.160%.Applying this 86.160% change to the original purchase price of £40,000 results in an estimated price of approximately £74,464.
| 21 Mar 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.8 | 148.6 | 86.160 % | £40,000 | £34,464 | £74,464 |
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 | -4.742 % | £-1,896 | £38,103 |
| 3 Month Average | -11.631 % | £-4,652 | £35,347 |
| 6 Month Average | 3.921 % | £1,568 | £41,568 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Mar 2024 | £70,000 | £70,000 | 30 HILL STREET |
| 13 Nov 2023 | £74,097 | £73,000 | 1 RAINTON STREET |
| 16 Aug 2023 | £85,750 | £85,000 | 7 RAINTON STREET |
| 28 Jun 2023 | £55,674 | £55,000 | 43 RAINTON STREET |
| 10 Mar 2023 | £90,856 | £90,000 | 9 HILL STREET |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 20 Sep 2013. Using an estimated price of £74,464 means this house is valued at £695 per sq meter (£64 per sq foot).
The average size of a house on PRINCESS ROAD is 113 sq meters (1,222 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near James Street |
| Feb 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Union Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Vincent Street |
| Feb 2024 | Anti-social behaviour | On or near Garron Street | |
| Feb 2024 | Anti-social behaviour | On or near Garron Street |