£395,132
This estimated value is based upon the latest sale price for the house of £75,000 on 31 Jan 1997. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £75,000 | 31 Jan 1997 |
| Terraced |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 January 1997 the House Price Index for DURHAM was 27.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 426.844%.Applying this 426.844% change to the original purchase price of £75,000 results in an estimated price of approximately £395,132.
| 31 Jan 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.8 | 146.7 | 426.844 % | £75,000 | £320,132 | £395,132 |
The Postcode Pricing Model uses changes in average sales price within the DL12 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 | 321.763 % | £241,322 | £316,322 |
| 3 Month Average | 292.490 % | £219,367 | £294,367 |
| 6 Month Average | 312.249 % | £234,186 | £309,186 |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 29 Oct 2012.
The average size of a house on ABBEY TERRACE is 179 sq meters (1,930 sq feet).
This house is the smallest in the street with a floor area of 106 sq meters (1,140 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Priory Yard | |
| Feb 2024 | Anti-social behaviour | On or near Priory Yard |