£125,062
This estimated value is based upon the latest sale price for the house of £69,000 on 23 Nov 2005. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £69,000 | 23 Nov 2005 |
| £57,000 | 28 Oct 2004 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 November 2005 the House Price Index for DURHAM was 82.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 81.250%.Applying this 81.250% change to the original purchase price of £69,000 results in an estimated price of approximately £125,062.
| 23 Nov 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.0 | 148.6 | 81.250 % | £69,000 | £56,062 | £125,062 |
The Postcode Pricing Model uses changes in average sales price within the DL5 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 | 47.805 % | £32,985 | £101,985 |
| 3 Month Average | 29.028 % | £20,029 | £89,029 |
| 6 Month Average | 24.646 % | £17,005 | £86,005 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £124,593 | £123,000 | 16 KESTREL COURT |
| 24 Aug 2023 | £61,791 | £61,250 | 22 BAKEWELL PLACE |
| 18 Aug 2023 | £68,600 | £68,000 | 288 HEDLEY CLOSE |
| 24 Feb 2023 | £69,953 | £70,000 | 78 BATES CLOSE |
| 16 Jan 2023 | £49,766 | £50,000 | 28 BAKEWELL PLACE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 8 Nov 2013. Using an estimated price of £125,063 means this house is valued at £1,437 per sq meter (£133 per sq foot).
The average size of a house on BAKEWELL PLACE is 95 sq meters (1,030 sq feet).