£47,202
This estimated value is based upon the latest sale price for the house of £45,500 on 8 Apr 2022. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £45,500 | 8 Apr 2022 |
| £50,000 | 8 Oct 2004 |
| £34,000 | 16 Aug 2004 |
| £34,000 | 30 Jan 2004 |
| £24,000 | 25 Aug 2000 |
| £26,250 | 26 May 1995 |
| Terraced |
| Freehold |
| Floor Area: 55 sq meters or 592 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 April 2022 the House Price Index for DURHAM was 144.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.742%.Applying this 3.742% change to the original purchase price of £45,500 results in an estimated price of approximately £47,202.
| 8 Apr 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 149.7 | 3.742 % | £45,500 | £1,702 | £47,202 |
The Postcode Pricing Model uses changes in average sales price within the DL17 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 | 19.217 % | £8,743 | £54,243 |
| 3 Month Average | 7.575 % | £3,446 | £48,946 |
| 6 Month Average | -1.200 % | £-546 | £44,953 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £66,465 | £65,000 | 2 MAGDALENE PLACE |
| 31 Aug 2023 | £80,450 | £78,999 | 12 ROWLANDSON TERRACE |
| 4 Aug 2023 | £50,511 | £49,600 | 1 MAGDALENE PLACE |
| 24 Apr 2023 | £56,048 | £55,000 | 1 LOUVAINE TERRACE |
| 20 Apr 2023 | £21,400 | £21,000 | 9 CONYERS TERRACE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 24 Aug 2021. Using an estimated price of £47,203 means this house is valued at £858 per sq meter (£79 per sq foot).
The average size of a house on MAGDALENE PLACE is 69 sq meters (747 sq feet).
This house is the smallest in the street with a floor area of 55 sq meters (592 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Bertha Street |
| Aug 2024 | Robbery | Investigation complete; no suspect identified | On or near Bertha Street |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bertha Street |