£78,073
This estimated value is based upon the latest sale price for the house of £40,000 on 30 Jun 2004. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £40,000 | 30 Jun 2004 |
| £18,500 | 7 Mar 1997 |
| Terraced |
| Freehold |
| Floor Area: 67 sq meters or 730 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 June 2004 the House Price Index for DURHAM was 75.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 95.184%.Applying this 95.184% change to the original purchase price of £40,000 results in an estimated price of approximately £78,073.
| 30 Jun 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 75.2 | 146.7 | 95.184 % | £40,000 | £38,073 | £78,073 |
The Postcode Pricing Model uses changes in average sales price within the DL16 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 | 66.036 % | £26,414 | £66,414 |
| 3 Month Average | 5.543 % | £2,217 | £42,217 |
| 6 Month Average | 38.764 % | £15,505 | £55,505 |
This house has a floor area of 67 sq meters or 730 sq feet when measured on 20 Jan 2009.
The average size of a house on DERWENT TERRACE is 83 sq meters (899 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Public order | Awaiting court outcome | On or near Derwent Terrace |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near St Andrew'S Lane |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near St Andrew'S Lane |