£55,845
This estimated value is based upon the latest sale price for the house of £30,000 on 1 Dec 2004. This value is then adjusted by the current Official House Price Index for DURHAM 1
There has been one burglary within the last year on or near Hereford Street
More crime details
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| Price Paid | Date |
|---|---|
| £30,000 | 1 Dec 2004 |
| Terraced |
| Freehold |
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 December 2004 the House Price Index for DURHAM was 78.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 86.153%.Applying this 86.153% change to the original purchase price of £30,000 results in an estimated price of approximately £55,845.
| 1 Dec 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.8 | 146.7 | 86.153 % | £30,000 | £25,845 | £55,845 |
The Postcode Pricing Model uses changes in average sales price within the DL14 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 | -2.123 % | £-636 | £29,363 |
| 3 Month Average | -8.201 % | £-2,460 | £27,539 |
| 6 Month Average | 7.331 % | £2,199 | £32,199 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Offender given a caution | On or near Hereford Street |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Hereford Street |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Hereford Street |
| Jan 2024 | Anti-social behaviour | On or near Hereford Street | |
| Jan 2024 | Burglary | Offender given a caution | On or near Hereford Street |