£113,988
This estimated value is based upon the latest sale price for the house of £62,000 on 22 Jul 2005. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£62,000 | 22 Jul 2005 |
£24,000 | 31 May 2002 |
£19,500 | 18 Aug 1995 |
Terraced |
Freehold |
Floor Area: 80 sq meters or 861 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 July 2005 the House Price Index for DURHAM was 80.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 83.853%.Applying this 83.853% change to the original purchase price of £62,000 results in an estimated price of approximately £113,988.
22 Jul 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
80.8 | 148.6 | 83.853 % | £62,000 | £51,988 | £113,988 |
The Postcode Pricing Model uses changes in average sales price within the DL17 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 | 26.657 % | £16,527 | £78,527 |
3 Month Average | 12.894 % | £7,994 | £69,994 |
6 Month Average | 31.321 % | £19,419 | £81,419 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Nov 2023 | £76,127 | £75,000 | 16 MARKET STREET |
28 Jul 2023 | £60,819 | £60,000 | 102 CHURCH LANE |
10 Jul 2023 | £148,499 | £146,500 | 8 KENSINGTON GARDENS |
20 Apr 2023 | £31,337 | £31,000 | 73 - 79 CHURCH LANE |
14 Apr 2023 | £70,762 | £70,000 | 14 CHURCH ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 7 Jul 2012. Using an estimated price of £113,989 means this house is valued at £1,424 per sq meter (£132 per sq foot).
The average size of a house on CHURCH LANE is 93 sq meters (1,001 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Shoplifting | Awaiting court outcome | On or near Parking Area |
Jan 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Parking Area |
Dec 2023 | Anti-social behaviour | On or near Parking Area | |
Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
Dec 2023 | Anti-social behaviour | On or near Parking Area |