£60,998
This estimated value is based upon the latest sale price for the house of £50,000 on 1 Jun 2020. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £50,000 | 1 Jun 2020 |
| Terraced |
| Freehold |
| Floor Area: 67 sq meters or 721 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 June 2020 the House Price Index for COUNTY DURHAM was 122.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.998%.Applying this 21.998% change to the original purchase price of £50,000 results in an estimated price of approximately £60,998.
| 1 Jun 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 149.7 | 21.998 % | £50,000 | £10,998 | £60,998 |
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 | 39.481 % | £19,740 | £69,740 |
| 3 Month Average | 22.884 % | £11,442 | £61,442 |
| 6 Month Average | 22.855 % | £11,427 | £61,427 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Apr 2024 | £64,561 | £64,000 | 18 EAST VIEW TERRACE |
| 20 Mar 2024 | £26,914 | £26,500 | 94 MAIN STREET |
| 15 Dec 2023 | £43,331 | £42,000 | 77 MAIN STREET |
| 10 Nov 2023 | £61,563 | £60,000 | 1 BURKE STREET |
| 20 Oct 2023 | £34,790 | £34,000 | 60 MAIN STREET |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 17 May 2019. Using an estimated price of £60,999 means this house is valued at £910 per sq meter (£84 per sq foot).
The average size of a house on COTTAGE ROAD is 80 sq meters (869 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Further investigation is not in the public interest | On or near Shopping Area |
| May 2024 | Anti-social behaviour | On or near Shopping Area | |
| May 2024 | Violence and sexual offences | Further investigation is not in the public interest | On or near Shopping Area |
| May 2024 | Anti-social behaviour | On or near Shopping Area | |
| May 2024 | Anti-social behaviour | On or near Shopping Area |