£313,292
This estimated value is based upon the latest sale price for the house of £250,000 on 21 Mar 2018. This value is then adjusted by the current Official House Price Index for DURHAM 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £250,000 | 21 Mar 2018 |
| £100,000 | 27 Jun 2003 |
| Terraced |
| Freehold |
| Floor Area: 105 sq meters or 1,130 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 March 2018 the House Price Index for DURHAM was 118.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.317%.Applying this 25.317% change to the original purchase price of £250,000 results in an estimated price of approximately £313,292.
| 21 Mar 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 148.6 | 25.317 % | £250,000 | £63,292 | £313,292 |
The Postcode Pricing Model uses changes in average sales price within the DL12 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 | 80.032 % | £200,078 | £450,078 |
| 3 Month Average | 18.457 % | £46,142 | £296,142 |
| 6 Month Average | 23.165 % | £57,912 | £307,912 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £267,175 | £262,500 | 6 CAMBRIDGE TERRACE |
| 9 Mar 2023 | £186,760 | £185,000 | 24 CORONATION STREET |
| 10 Jan 2023 | £229,917 | £231,000 | DULWICH HOUSE GALGATE |
| 1 Aug 2022 | £454,776 | £456,000 | 1 JOHN STREET |
| 8 Jul 2022 | £340,918 | £340,000 | 1 CLAIRE HOUSE WAY |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 28 Sep 2017. Using an estimated price of £313,292 means this house is valued at £2,983 per sq meter (£277 per sq foot).
The average size of a house on GALGATE is 128 sq meters (1,388 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near A67 |
| Feb 2024 | Violence and sexual offences | Further investigation is not in the public interest | On or near Beaconsfield Court |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Beaconsfield Court |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Beaconsfield Court |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Strathmore Court |