£642,941
This estimated value is based upon the latest sale price for the house of £510,000 on 22 Nov 2017. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £510,000 | 22 Nov 2017 |
| £480,000 | 28 Aug 2013 |
| Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for COUNTY DURHAM to estimate the market value.
When this house was purchased in November 2017 the House Price Index for COUNTY DURHAM was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £510,000 results in an estimated price of approximately £642,941.
| 22 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.6 | 26.067 % | £510,000 | £132,941 | £642,941 |
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 | 16.887 % | £86,123 | £596,123 |
| 3 Month Average | 13.047 % | £66,541 | £576,541 |
| 6 Month Average | 8.512 % | £43,411 | £553,411 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Nov 2023 | £65,977 | £65,000 | 21 DURHAM STREET |
| 5 Jun 2023 | £80,981 | £80,000 | 26 DURHAM STREET |
| 31 Mar 2023 | £92,875 | £92,000 | 6 DUBMIRE COTTAGES |
| 6 Jan 2023 | £71,662 | £72,000 | 16 RAILWAY COTTAGES |
| 9 Nov 2022 | £671,862 | £680,000 | BELASYSE COTTAGE MORTON HOUSE |