£49,019
This estimated value is based upon the latest sale price for the house of £39,000 on 6 Oct 2017. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £39,000 | 6 Oct 2017 |
| £37,000 | 23 Jun 2003 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 October 2017 the House Price Index for DURHAM was 117.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 25.690%.Applying this 25.690% change to the original purchase price of £39,000 results in an estimated price of approximately £49,019.
| 6 Oct 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 148.0 | 25.690 % | £39,000 | £10,019 | £49,019 |
The Postcode Pricing Model uses changes in average sales price within the DL4 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 | 51.377 % | £20,037 | £59,037 |
| 3 Month Average | -0.265 % | £-103 | £38,896 |
| 6 Month Average | 10.974 % | £4,279 | £43,279 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £12,041 | £12,000 | 16 REDWORTH ROAD |
| 17 Nov 2023 | £46,598 | £46,000 | 11 SCOTT STREET |
| 3 Nov 2023 | £59,767 | £59,000 | 8 TOMLIN STREET |
| 14 Aug 2023 | £58,355 | £58,000 | 16 SCOTT STREET |
| 28 Apr 2023 | £55,412 | £55,000 | 15 SCOTT STREET |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 12 Jul 2017. Using an estimated price of £49,019 means this house is valued at £563 per sq meter (£52 per sq foot).
The average size of a house on REDWORTH ROAD is 118 sq meters (1,277 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Supermarket |
| Apr 2024 | Shoplifting | Unable to prosecute suspect | On or near Supermarket |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Supermarket |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Supermarket |
| Jan 2024 | Anti-social behaviour | On or near Supermarket |