£195,375
This estimated value is based upon the latest sale price for the house of £170,000 on 21 Jul 2021. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £170,000 | 21 Jul 2021 |
| £27,000 | 10 Apr 2015 |
| £12,000 | 8 Jun 2001 |
| £17,500 | 6 Mar 1998 |
| Freehold |
| Floor Area: 71 sq meters or 764 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 £170,000 results in an estimated price of approximately £195,375.
| 21 Jul 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 148.6 | 14.927 % | £170,000 | £25,375 | £195,375 |
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 | -28.809 % | £-48,974 | £121,025 |
| 3 Month Average | -31.691 % | £-53,874 | £116,125 |
| 6 Month Average | -23.256 % | £-39,535 | £130,464 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £24,427 | £24,000 | 17 TENTH STREET |
| 30 Nov 2023 | £20,301 | £20,000 | 16 TEES STREET |
| 27 Nov 2023 | £33,496 | £33,000 | 17 WARREN STREET |
| 17 Nov 2023 | £38,064 | £37,500 | 21 NINTH STREET |
| 20 Sep 2023 | £34,440 | £34,000 | 4 TENTH STREET |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 27 Jan 2015. Using an estimated price of £195,375 means this house is valued at £2,751 per sq meter (£255 per sq foot).
The average size of a house on NINTH STREET is 78 sq meters (842 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ninth Street |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Ninth Street |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ninth Street |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Ninth Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Tees Street |