£91,068
This estimated value is based upon the latest sale price for the house of £92,000 on 29 Jul 2022. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £92,000 | 29 Jul 2022 |
| £80,000 | 20 Jan 2014 |
| £87,000 | 17 Dec 2009 |
| £75,000 | 16 Apr 2004 |
| £26,300 | 26 Jan 1996 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 979 sq feet |
This model uses changes in the Official Land Registry House Price Index for COUNTY DURHAM to estimate the market value.
When this house was purchased in July 2022 the House Price Index for COUNTY DURHAM was 148.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -1.012%.Applying this -1.012% change to the original purchase price of £92,000 results in an estimated price of approximately £91,068.
| 29 Jul 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 146.7 | -1.012 % | £92,000 | £-931 | £91,068 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -37.349 % | £-34,361 | £57,638 |
| 3 Month Average | 5.447 % | £5,011 | £97,011 |
| 6 Month Average | 6.319 % | £5,813 | £97,813 |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 11 Mar 2020.
The average size of a house on MEDWYN CLOSE is 101 sq meters (1,091 sq feet).
This house is the largest in the street with a floor area of 91 sq meters (979 sq feet).