£460,375
This estimated value is based upon the latest sale price for the house of £362,500 on 13 Nov 2017. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £362,500 | 13 Nov 2017 |
| £140,000 | 30 Aug 2000 |
| Detached |
| Freehold |
| Floor Area: 201 sq meters or 2,163 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 November 2017 the House Price Index for DURHAM was 117.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.000%.Applying this 27.000% change to the original purchase price of £362,500 results in an estimated price of approximately £460,375.
| 13 Nov 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 149.7 | 27.000 % | £362,500 | £97,875 | £460,375 |
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 | 25.836 % | £93,654 | £456,154 |
| 3 Month Average | 16.609 % | £60,208 | £422,708 |
| 6 Month Average | 11.324 % | £41,050 | £403,550 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 May 2024 | £805,000 | £805,000 | STONEBRIDGE FARM |
| 31 Oct 2023 | £179,067 | £175,000 | 7 KIPLINGS TERRACE |
| 3 Apr 2023 | £300,623 | £295,000 | 10 KELLS BUILDINGS |
| 31 Jan 2023 | £245,656 | £245,000 | 6 RHODES TERRACE |
| 22 Feb 2022 | £665,568 | £630,000 | ALLSDONE HOUSE NEVILLES CROSS BANK |
This house has a floor area of 201 sq meters or 2,163 sq feet when measured on 17 Aug 2017. Using an estimated price of £460,375 means this house is valued at £2,290 per sq meter (£212 per sq foot).
The average size of a house on LOWES BARN BANK is 110 sq meters (1,192 sq feet).
This house is the largest in the street with a floor area of 201 sq meters (2,163 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Kipling Terrace | |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Kipling Terrace |
| Oct 2024 | Violence and sexual offences | Further investigation is not in the public interest | On or near Neville'S Cross Bank |
| Oct 2024 | Anti-social behaviour | On or near The Steadings | |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Steadings |