£102,133
This estimated value is based upon the latest sale price for the house of £99,950 on 1 Jun 2022. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £99,950 | 1 Jun 2022 |
| £90,000 | 24 Apr 2019 |
| £85,000 | 26 Nov 2004 |
| £36,000 | 11 Jun 1998 |
| Terraced |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 June 2022 the House Price Index for DURHAM was 146.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.184%.Applying this 2.184% change to the original purchase price of £99,950 results in an estimated price of approximately £102,133.
| 1 Jun 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 149.7 | 2.184 % | £99,950 | £2,183 | £102,133 |
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 | -31.397 % | £-31,381 | £68,568 |
| 3 Month Average | -18.774 % | £-18,764 | £81,185 |
| 6 Month Average | -18.176 % | £-18,166 | £81,783 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Jul 2024 | £103,000 | £103,000 | 6 GEORGE AVENUE |
| 3 May 2024 | £60,000 | £60,000 | 9 RABY AVENUE |
| 15 Mar 2024 | £50,780 | £50,000 | 34 WEST AVENUE |
| 24 Oct 2023 | £74,185 | £72,500 | 5 THE CRESCENT |
| 3 Aug 2023 | £123,732 | £121,500 | 16 EAST VIEW |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 4 Sep 2014. Using an estimated price of £102,133 means this house is valued at £1,011 per sq meter (£93 per sq foot).
The average size of a house on GEORGE AVENUE is 106 sq meters (1,143 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other crime | Further investigation is not in the public interest | On or near The Crescent |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Thomas Street |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Thomas Street |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Thomas Street |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Thomas Street |