£48,881
This estimated value is based upon the latest sale price for the house of £48,000 on 8 Aug 2023. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £48,000 | 8 Aug 2023 |
| £70,000 | 21 Dec 2007 |
| £20,000 | 11 Jan 2001 |
| £12,000 | 25 Aug 2000 |
| £15,000 | 10 Jul 1997 |
| £19,500 | 16 Jan 1996 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 998 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 August 2023 the House Price Index for DURHAM was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £48,000 results in an estimated price of approximately £48,881.
| 8 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £48,000 | £881 | £48,881 |
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 | -33.632 % | £-16,143 | £31,856 |
| 3 Month Average | -12.489 % | £-5,994 | £42,005 |
| 6 Month Average | -7.014 % | £-3,366 | £44,633 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2024 | £39,609 | £39,000 | 22 HUDSON AVENUE |
| 18 Mar 2024 | £49,765 | £49,000 | 1 SUNDERLAND ROAD |
| 3 Nov 2023 | £87,214 | £85,000 | 25 GORDON AVENUE |
| 10 Oct 2023 | £54,232 | £53,000 | 17 HAMILTON STREET |
| 8 Aug 2023 | £48,882 | £48,000 | 7 HAMILTON STREET |
This house has a floor area of 92 sq meters or 998 sq feet when measured on 25 Feb 2011. Using an estimated price of £48,882 means this house is valued at £527 per sq meter (£48 per sq foot).
The average size of a house on HAMILTON STREET is 104 sq meters (1,121 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Awaiting court outcome | On or near Hamilton Street |
| Jul 2024 | Burglary | Under investigation | On or near Handley Street |
| Jul 2024 | Public order | Under investigation | On or near Handley Street |
| Jul 2024 | Drugs | Under investigation | On or near Handley Street |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Handley Street |