£266,208
This estimated value is based upon the latest sale price for the house of £214,500 on 7 Dec 2017. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £214,500 | 7 Dec 2017 |
| £210,000 | 29 Oct 2003 |
| £82,000 | 25 Mar 2002 |
| Freehold |
| Floor Area: 88 sq meters or 947 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 December 2017 the House Price Index for DURHAM was 118.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 24.107%.Applying this 24.107% change to the original purchase price of £214,500 results in an estimated price of approximately £266,208.
| 7 Dec 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 146.7 | 24.107 % | £214,500 | £51,708 | £266,208 |
The Postcode Pricing Model uses changes in average sales price within the DH3 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 | -7.452 % | £-15,983 | £198,516 |
| 3 Month Average | -21.331 % | £-45,754 | £168,745 |
| 6 Month Average | -18.103 % | £-38,830 | £175,669 |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 28 Jun 2017.
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Wear Street |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Wear Street |
| Dec 2023 | Public order | Awaiting court outcome | On or near Wear Street |