£258,224
This estimated value is based upon the latest sale price for the house of £43,000 on 12 Mar 2024. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £43,000 | 12 Mar 2024 |
| £25,000 | 28 Mar 2017 |
| £29,995 | 21 Nov 2014 |
| £18,000 | 22 Oct 2012 |
| £21,000 | 26 Jan 2004 |
| £11,500 | 1 Dec 2000 |
| £16,500 | 4 Jun 1996 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 sq feet |
This model uses changes in the Official Land Registry House Price Index for COUNTY DURHAM to estimate the market value.
When this house was purchased in March 2024 the House Price Index for COUNTY DURHAM was 24.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 500.522%.Applying this 500.522% change to the original purchase price of £43,000 results in an estimated price of approximately £258,224.
| 12 Mar 2024 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 146.7 | 500.522 % | £43,000 | £215,224 | £258,224 |
The Postcode Pricing Model uses changes in average sales price within the DL17 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 | 0.000 % | £0 | £43,000 |
| 3 Month Average | 0.000 % | £0 | £43,000 |
| 6 Month Average | 0.000 % | £0 | £43,000 |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 6 Oct 2014.
The average size of a house on FARADAY STREET is 75 sq meters (808 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Faraday Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brunel Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brunel Street |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Brunel Street |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Brunel Street |