£217,127
This estimated value is based upon the latest sale price for the house of £189,950 on 4 Dec 2020. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £189,950 | 4 Dec 2020 |
| Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for COUNTY DURHAM to estimate the market value.
When this house was purchased in December 2020 the House Price Index for COUNTY DURHAM was 129.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 14.308%.Applying this 14.308% change to the original purchase price of £189,950 results in an estimated price of approximately £217,127.
| 4 Dec 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.0 | 14.308 % | £189,950 | £27,177 | £217,127 |
The Postcode Pricing Model uses changes in average sales price within the DL14 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 | -28.568 % | £-54,264 | £135,685 |
| 3 Month Average | -16.995 % | £-32,282 | £157,667 |
| 6 Month Average | -8.400 % | £-15,956 | £173,993 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £123,753 | £123,000 | 14 MARSH WAY |
| 4 Aug 2023 | £422,570 | £420,000 | 3A NEW TOWN COTTAGES NEW TOWN ROAD |
| 9 Jun 2023 | £428,474 | £425,000 | FLAT 113 ROMA CORTE, 1 ELMIRA STREET |
| 24 Oct 2022 | £369,507 | £375,000 | 45 - 47 MAIN STREET |
| 9 Sep 2022 | £131,402 | £133,000 | 24 MARSH WAY |