£424,545
This estimated value is based upon the latest sale price for the house of £161,000 on 18 Oct 2002. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£161,000 | 18 Oct 2002 |
Terraced |
Freehold |
Floor Area: 97 sq meters or 1,044 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 October 2002 the House Price Index for DURHAM was 56.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 163.693%.Applying this 163.693% change to the original purchase price of £161,000 results in an estimated price of approximately £424,545.
18 Oct 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
56.4 | 148.6 | 163.693 % | £161,000 | £263,545 | £424,545 |
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 | 128.207 % | £206,413 | £367,413 |
3 Month Average | 131.399 % | £211,553 | £372,553 |
6 Month Average | 142.682 % | £229,717 | £390,717 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Sep 2023 | £364,663 | £360,000 | FOWN-DITT WHINNEY HILL |
27 Jul 2023 | £360,857 | £356,000 | 72 WHINNEY HILL |
29 Jun 2023 | £460,255 | £454,680 | 26 WHINNEY HILL |
17 Mar 2022 | £746,109 | £720,000 | HALLGARTH FARM HOUSE THE HALLGARTH |
11 Feb 2022 | £382,773 | £365,000 | 15 WHINNEY HILL |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 21 Aug 2018. Using an estimated price of £424,546 means this house is valued at £4,376 per sq meter (£406 per sq foot).
The average size of a house on WHINNEY HILL is 97 sq meters (1,049 sq feet).