£71,829
This estimated value is based upon the latest sale price for the house of £62,500 on 9 Jul 2021. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £62,500 | 9 Jul 2021 |
| £91,000 | 29 Jul 2005 |
| £28,500 | 11 Sep 2002 |
| Terraced |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 July 2021 the House Price Index for DURHAM was 129.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.927%.Applying this 14.927% change to the original purchase price of £62,500 results in an estimated price of approximately £71,829.
| 9 Jul 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 148.6 | 14.927 % | £62,500 | £9,329 | £71,829 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -11.834 % | £-7,396 | £55,103 |
| 3 Month Average | -14.306 % | £-8,941 | £53,558 |
| 6 Month Average | -13.641 % | £-8,525 | £53,974 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Jul 2023 | £48,148 | £47,500 | 28 GILL CRESCENT NORTH |
| 14 Nov 2022 | £66,198 | £67,000 | 1 MAPLEWOOD STREET |
| 24 Oct 2022 | £64,308 | £65,000 | 11 SYDNEY STREET |
| 20 Oct 2022 | £65,297 | £66,000 | 22 SYDNEY STREET |
| 19 May 2022 | £64,210 | £63,000 | 17 GILL CRESCENT NORTH |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 9 Sep 2015. Using an estimated price of £71,829 means this house is valued at £725 per sq meter (£67 per sq foot).
The average size of a house on OAK STREET is 110 sq meters (1,193 sq feet).