£74,059
This estimated value is based upon the latest sale price for the house of £51,000 on 12 Jun 2015. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £51,000 | 12 Jun 2015 |
| £105,000 | 29 Jun 2007 |
| £74,000 | 16 Mar 2007 |
| £33,500 | 21 Nov 1997 |
| Terraced |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 2015 the House Price Index for DURHAM was 102.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.215%.Applying this 45.215% change to the original purchase price of £51,000 results in an estimated price of approximately £74,059.
| 12 Jun 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 148.6 | 45.215 % | £51,000 | £23,059 | £74,059 |
The Postcode Pricing Model uses changes in average sales price within the DL4 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 | -45.059 % | £-22,980 | £28,019 |
| 3 Month Average | -31.726 % | £-16,180 | £34,819 |
| 6 Month Average | -6.387 % | £-3,257 | £47,742 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £42,748 | £42,000 | 18 WESLEY CRESCENT |
| 25 Sep 2023 | £41,531 | £41,000 | 68 CHURCH STREET |
| 28 Jun 2023 | £141,717 | £140,000 | 38 CHURCH STREET |
| 26 Jun 2023 | £20,245 | £20,000 | 75A CHURCH STREET |
| 16 Jun 2023 | £43,780 | £43,250 | 81 CHURCH STREET |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 18 Mar 2015. Using an estimated price of £74,060 means this house is valued at £655 per sq meter (£60 per sq foot).
The average size of a house on WESLEY CRESCENT is 118 sq meters (1,280 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Spencely Street | |
| Feb 2024 | Anti-social behaviour | On or near Spencely Street | |
| Dec 2023 | Anti-social behaviour | On or near Spencely Street | |
| Dec 2023 | Anti-social behaviour | On or near Spencely Street | |
| Dec 2023 | Anti-social behaviour | On or near Spencely Street |