£137,140
This estimated value is based upon the latest sale price for the house of £50,000 on 24 Aug 2002. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £50,000 | 24 Aug 2002 |
| £30,000 | 7 Apr 2000 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 August 2002 the House Price Index for DURHAM was 54.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 174.280%.Applying this 174.280% change to the original purchase price of £50,000 results in an estimated price of approximately £137,140.
| 24 Aug 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 54.2 | 148.6 | 174.280 % | £50,000 | £87,140 | £137,140 |
The Postcode Pricing Model uses changes in average sales price within the SR7 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 | 215.560 % | £107,779 | £157,779 |
| 3 Month Average | 165.406 % | £82,703 | £132,703 |
| 6 Month Average | 195.819 % | £97,909 | £147,909 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £255,264 | £252,000 | 46 - 47 CHURCH STREET |
| 19 Jul 2023 | £47,641 | £47,000 | 13 FREDERICK STREET |
| 14 Jul 2023 | £65,887 | £65,000 | 10 WEAR STREET |
| 29 Jun 2023 | £94,140 | £93,000 | 32A CHURCH STREET |
| 24 Feb 2023 | £41,972 | £42,000 | 51 CHURCH STREET |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 8 Oct 2015. Using an estimated price of £137,140 means this house is valued at £1,828 per sq meter (£169 per sq foot).
The average size of a house on CHURCH STREET is 94 sq meters (1,017 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wear Street |
| Jan 2024 | Vehicle crime | Suspect charged as part of another case | On or near Wear Street |
| Jan 2024 | Criminal damage and arson | Local resolution | On or near Wear Street |