£173,516
This estimated value is based upon the latest sale price for the house of £46,900 on 31 Aug 2000. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£46,900 | 31 Aug 2000 |
£45,000 | 19 Jul 1995 |
Flats/Maisonettes |
Leasehold |
Floor Area: 34 sq meters or 374 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 August 2000 the House Price Index for DURHAM was 40.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 269.970%.Applying this 269.970% change to the original purchase price of £46,900 results in an estimated price of approximately £173,516.
31 Aug 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
40.2 | 148.6 | 269.970 % | £46,900 | £126,616 | £173,516 |
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 | 181.733 % | £85,232 | £132,132 |
3 Month Average | 190.911 % | £89,537 | £136,437 |
6 Month Average | 207.359 % | £97,251 | £144,151 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Sep 2023 | £73,945 | £73,000 | 39 ORCHARD HOUSE NEW ELVET |
30 Aug 2023 | £110,971 | £110,000 | 8 ORCHARD HOUSE NEW ELVET |
14 Aug 2023 | £639,595 | £634,000 | 7 CHURCH STREET |
8 Mar 2023 | £75,663 | £74,950 | 28 ORCHARD HOUSE NEW ELVET |
28 Feb 2023 | £69,953 | £70,000 | 40 ORCHARD HOUSE NEW ELVET |
This house has a floor area of 34 sq meters or 374 sq feet when measured on 11 Oct 2011. Using an estimated price of £173,516 means this house is valued at £4,988 per sq meter (£463 per sq foot).
The average size of a house on NEW ELVET is 49 sq meters (536 sq feet).
This house is the smallest in the street with a floor area of 34 sq meters (374 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Anti-social behaviour | On or near Police Station | |
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Police Station |
Feb 2024 | Drugs | Unable to prosecute suspect | On or near Police Station |
Feb 2024 | Criminal damage and arson | Awaiting court outcome | On or near Police Station |
Feb 2024 | Criminal damage and arson | Further investigation is not in the public interest | On or near Police Station |