£290,237
This estimated value is based upon the latest sale price for the house of £81,500 on 26 Jan 2001. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£81,500 | 26 Jan 2001 |
Detached |
Freehold |
Floor Area: 53 sq meters or 570 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 January 2001 the House Price Index for DURHAM was 41.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 256.120%.Applying this 256.120% change to the original purchase price of £81,500 results in an estimated price of approximately £290,237.
26 Jan 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
41.7 | 148.6 | 256.120 % | £81,500 | £208,737 | £290,237 |
The Postcode Pricing Model uses changes in average sales price within the DH1 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 | 195.250 % | £159,128 | £240,628 |
3 Month Average | 197.699 % | £161,124 | £242,624 |
6 Month Average | 203.352 % | £165,732 | £247,232 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Mar 2024 | £585,000 | £585,000 | 32 ALBERT STREET |
27 Jan 2023 | £537,468 | £540,000 | 7 ALBERT STREET |
29 Jul 2022 | £454,223 | £453,000 | HOLMSIDE FIELDHOUSE LANE |
14 Jul 2022 | £481,296 | £480,000 | FIELD HOUSE ALBERT STREET |
16 May 2022 | £588,591 | £577,500 | SOMERSBY BACK WESTERN HILL |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 1 Oct 2021. Using an estimated price of £290,238 means this house is valued at £5,476 per sq meter (£508 per sq foot).
The average size of a house on BACK WESTERN HILL is 142 sq meters (1,538 sq feet).
This house is the smallest in the street with a floor area of 53 sq meters (570 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Albert Street |
Jan 2024 | Anti-social behaviour | On or near Albert Street | |
Jan 2024 | Anti-social behaviour | On or near Albert Street | |
Jan 2024 | Anti-social behaviour | On or near Albert Street | |
Feb 2024 | Anti-social behaviour | On or near Princes' Street |