£86,662
This estimated value is based upon the latest sale price for the house of £84,000 on 18 Dec 2023. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £84,000 | 18 Dec 2023 |
| £95,000 | 14 Jul 2006 |
| £72,000 | 26 Aug 2005 |
| £55,000 | 15 Jun 2005 |
| Terraced |
| Freehold |
| Floor Area: 62 sq meters or 667 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 December 2023 the House Price Index for DURHAM was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £84,000 results in an estimated price of approximately £86,662.
| 18 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.1 | 149.7 | 3.170 % | £84,000 | £2,662 | £86,662 |
The Postcode Pricing Model uses changes in average sales price within the DL16 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 | -56.752 % | £-47,671 | £36,328 |
| 3 Month Average | 21.288 % | £17,881 | £101,881 |
| 6 Month Average | 2.455 % | £2,062 | £86,062 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £146,270 | £145,000 | 10 LUMLEY CLOSE |
| 28 Mar 2024 | £121,872 | £120,000 | 4 WARWICK CLOSE |
| 18 Dec 2023 | £86,663 | £84,000 | 84 DURHAM ROAD |
| 17 Nov 2023 | £106,709 | £104,000 | 91 DURHAM ROAD |
| 28 Apr 2023 | £163,050 | £160,000 | 127 DURHAM ROAD |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 31 Aug 2018. Using an estimated price of £86,663 means this house is valued at £1,397 per sq meter (£129 per sq foot).
The average size of a house on DURHAM ROAD is 108 sq meters (1,166 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Durham Road |
| Jul 2024 | Violence and sexual offences | Further investigation is not in the public interest | On or near Durham Road |
| Aug 2024 | Anti-social behaviour | On or near South Terrace | |
| Aug 2024 | Anti-social behaviour | On or near South Terrace | |
| Jul 2024 | Violence and sexual offences | Local resolution | On or near South Terrace |