£59,207
This estimated value is based upon the latest sale price for the house of £40,000 on 10 Apr 2015. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £40,000 | 10 Apr 2015 |
| £47,000 | 6 Aug 2004 |
| Terraced |
| Freehold |
| Floor Area: 63 sq meters or 678 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 April 2015 the House Price Index for DURHAM was 101.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 48.018%.Applying this 48.018% change to the original purchase price of £40,000 results in an estimated price of approximately £59,207.
| 10 Apr 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.1 | 149.7 | 48.018 % | £40,000 | £19,207 | £59,207 |
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 | 35.045 % | £14,018 | £54,018 |
| 3 Month Average | 8.987 % | £3,594 | £43,594 |
| 6 Month Average | -4.589 % | £-1,835 | £38,164 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Jun 2024 | £46,500 | £46,500 | 22 WESTCOTT TERRACE |
| 4 Apr 2024 | £69,603 | £68,999 | 49 BESSEMER STREET |
| 20 Dec 2023 | £62,934 | £61,000 | 57 BESSEMER STREET |
| 23 Nov 2023 | £71,822 | £69,999 | 53 BESSEMER STREET |
| 21 Nov 2023 | £67,719 | £66,000 | 29 WESTCOTT TERRACE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 25 Aug 2013. Using an estimated price of £59,207 means this house is valued at £939 per sq meter (£87 per sq foot).
The average size of a house on BESSEMER STREET is 72 sq meters (778 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Bessemer Street |
| Oct 2024 | Other crime | Investigation complete; no suspect identified | On or near Bessemer Street |
| Sep 2024 | Robbery | Awaiting court outcome | On or near Bessemer Street |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bessemer Street |
| Sep 2024 | Anti-social behaviour | On or near Bessemer Street |