£170,182
This estimated value is based upon the latest sale price for the house of £29,950 on 28 Dec 1995. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £29,950 | 28 Dec 1995 |
| Terraced |
| Freehold |
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 December 1995 the House Price Index for DURHAM was 26.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 468.223%.Applying this 468.223% change to the original purchase price of £29,950 results in an estimated price of approximately £170,182.
| 28 Dec 1995 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.2 | 148.6 | 468.223 % | £29,950 | £140,232 | £170,182 |
The Postcode Pricing Model uses changes in average sales price within the SR8 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 | 68.095 % | £20,394 | £50,344 |
| 3 Month Average | 95.035 % | £28,463 | £58,413 |
| 6 Month Average | 116.823 % | £34,988 | £64,938 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Mar 2024 | £60,000 | £60,000 | 104 LANCASTER HILL |
| 14 Jul 2023 | £78,050 | £77,000 | 41 CHESTER PLACE |
| 17 Apr 2023 | £75,816 | £75,000 | 8 GLOUCESTER PLACE |
| 10 Jan 2023 | £49,766 | £50,000 | 41 WESTMORLAND RISE |
| 5 Aug 2022 | £66,820 | £67,000 | 55 LANCASTER HILL |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Chester Place | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Chester Place |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chester Place |
| Jan 2024 | Anti-social behaviour | On or near Chester Place | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Chester Place |