£131,609
This estimated value is based upon the latest sale price for the house of £60,000 on 5 Dec 2003. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £60,000 | 5 Dec 2003 |
| £28,000 | 14 Nov 1997 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 990 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 December 2003 the House Price Index for DURHAM was 68.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 119.349%.Applying this 119.349% change to the original purchase price of £60,000 results in an estimated price of approximately £131,609.
| 5 Dec 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 68.2 | 149.7 | 119.349 % | £60,000 | £71,609 | £131,609 |
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 | 76.289 % | £45,773 | £105,773 |
| 3 Month Average | 77.484 % | £46,490 | £106,490 |
| 6 Month Average | 42.646 % | £25,587 | £85,587 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Mar 2024 | £90,389 | £89,000 | 56 PENTLAND CLOSE |
| 19 Oct 2023 | £98,230 | £95,999 | 100 PENTLAND CLOSE |
| 6 Oct 2023 | £50,139 | £49,000 | 82 PENTLAND CLOSE |
| 18 Apr 2023 | £253,746 | £249,000 | 14 SHADFORTH CLOSE |
| 8 Mar 2023 | £221,194 | £217,500 | 5 SHADFORTH CLOSE |
This house has a floor area of 91 sq meters or 990 sq feet when measured on 29 Mar 2012. Using an estimated price of £131,609 means this house is valued at £1,430 per sq meter (£132 per sq foot).
The average size of a house on PENTLAND CLOSE is 94 sq meters (1,016 sq feet).