£554,975
This estimated value is based upon the latest sale price for the house of £346,000 on 15 Nov 2013. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £346,000 | 15 Nov 2013 |
| £142,000 | 1 Mar 2002 |
| £47,850 | 18 Jan 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 177 sq meters or 1,905 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 2013 the House Price Index for DURHAM was 91.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 60.398%.Applying this 60.398% change to the original purchase price of £346,000 results in an estimated price of approximately £554,975.
| 15 Nov 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.5 | 146.7 | 60.398 % | £346,000 | £208,975 | £554,975 |
The Postcode Pricing Model uses changes in average sales price within the DL12 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 | 34.122 % | £118,060 | £464,060 |
| 3 Month Average | 29.538 % | £102,202 | £448,202 |
| 6 Month Average | 43.421 % | £150,236 | £496,236 |
This house has a floor area of 177 sq meters or 1,905 sq feet when measured on 22 Jun 2013.
There is one other house on the street which we know the size of, this is 2 WESLEY TERRACE it is 176.66
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Priory Yard | |
| Feb 2024 | Anti-social behaviour | On or near Priory Yard | |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Old School Close |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near The Bank |
| Dec 2023 | Anti-social behaviour | On or near The Bank |