£78,930
This estimated value is based upon the latest sale price for the house of £75,000 on 27 Jan 2022. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £75,000 | 27 Jan 2022 |
| £50,000 | 1 Apr 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 61 sq meters or 656 sq feet |
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 January 2022 the House Price Index for COUNTY DURHAM was 141.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 5.241%.Applying this 5.241% change to the original purchase price of £75,000 results in an estimated price of approximately £78,930.
| 27 Jan 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 148.6 | 5.241 % | £75,000 | £3,930 | £78,930 |
The Postcode Pricing Model uses changes in average sales price within the DH9 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 | -18.203 % | £-13,652 | £61,347 |
| 3 Month Average | -10.654 % | £-7,990 | £67,009 |
| 6 Month Average | -0.006 % | £-4 | £74,995 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £78,688 | £78,000 | 57 ORWELL GARDENS |
| 9 Jun 2023 | £99,202 | £98,000 | 42 ORWELL GARDENS |
| 30 Jan 2023 | £97,541 | £98,000 | 39 ORWELL GARDENS |
| 7 Jul 2022 | £120,274 | £119,950 | 28 TYNE ROAD EAST |
| 1 Jul 2022 | £80,216 | £80,000 | 41 TYNE ROAD EAST |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 26 Nov 2015. Using an estimated price of £78,931 means this house is valued at £1,293 per sq meter (£120 per sq foot).
The average size of a house on LENIN TERRACE is 84 sq meters (907 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Awaiting court outcome | On or near Keir Hardie Avenue |
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Keir Hardie Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Keir Hardie Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Tyne Road East |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Tyne Road East |