£85,341
This estimated value is based upon the latest sale price for the house of £68,500 on 19 Oct 2017. This value is then adjusted by the current Official House Price Index for DURHAM 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £68,500 | 19 Oct 2017 |
| £55,000 | 23 May 2003 |
| £40,000 | 23 Aug 2002 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 October 2017 the House Price Index for DURHAM was 117.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 24.586%.Applying this 24.586% change to the original purchase price of £68,500 results in an estimated price of approximately £85,341.
| 19 Oct 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 146.7 | 24.586 % | £68,500 | £16,841 | £85,341 |
The Postcode Pricing Model uses changes in average sales price within the DH2 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 | 13.307 % | £9,115 | £77,615 |
| 3 Month Average | 30.383 % | £20,812 | £89,312 |
| 6 Month Average | 20.179 % | £13,822 | £82,322 |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 19 Apr 2021.
The average size of a house on GRAY AVENUE is 80 sq meters (871 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Second Avenue |