£46,065
This estimated value is based upon the latest sale price for the house of £36,000 on 24 Mar 2017. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £36,000 | 24 Mar 2017 |
| £52,500 | 21 Feb 2005 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 March 2017 the House Price Index for DURHAM was 114.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 27.959%.Applying this 27.959% change to the original purchase price of £36,000 results in an estimated price of approximately £46,065.
| 24 Mar 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 146.7 | 27.959 % | £36,000 | £10,065 | £46,065 |
The Postcode Pricing Model uses changes in average sales price within the DL5 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 | 38.314 % | £13,793 | £49,793 |
| 3 Month Average | 21.038 % | £7,573 | £43,573 |
| 6 Month Average | 21.040 % | £7,574 | £43,574 |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 20 Jun 2018.
The average size of a house on SCOTT PLACE is 110 sq meters (1,192 sq feet).