£122,328
This estimated value is based upon the latest sale price for the house of £26,000 on 17 Jul 1998. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£26,000 | 17 Jul 1998 |
Terraced |
Freehold |
Floor Area: 70 sq meters or 753 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 1998 the House Price Index for DURHAM was 31.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 370.495%.Applying this 370.495% change to the original purchase price of £26,000 results in an estimated price of approximately £122,328.
17 Jul 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.8 | 149.7 | 370.495 % | £26,000 | £96,328 | £122,328 |
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 | 125.356 % | £32,592 | £58,592 |
3 Month Average | 183.902 % | £47,814 | £73,814 |
6 Month Average | 150.806 % | £39,209 | £65,209 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Oct 2023 | £117,673 | £115,000 | 37 WALCHER ROAD |
21 Aug 2023 | £98,272 | £96,500 | 90 FAULKNER ROAD |
25 Jan 2023 | £85,228 | £85,000 | 16 HULLOCK ROAD |
16 Feb 2022 | £97,722 | £92,500 | 120 FAULKNER ROAD |
14 Feb 2022 | £116,210 | £110,000 | 33 WALCHER ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 15 Jan 2019. Using an estimated price of £122,329 means this house is valued at £1,747 per sq meter (£162 per sq foot).
The average size of a house on FAULKNER ROAD is 90 sq meters (970 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Faulkner Road | |
Jul 2024 | Anti-social behaviour | On or near Faulkner Road | |
Jul 2024 | Anti-social behaviour | On or near Faulkner Road | |
Jul 2024 | Anti-social behaviour | On or near Faulkner Road | |
Jul 2024 | Anti-social behaviour | On or near Faulkner Road |