£42,508
This estimated value is based upon the latest sale price for the house of £32,000 on 8 Sep 2016. This value is then adjusted by the current Official House Price Index for DURHAM 1
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Price Paid | Date |
---|---|
£32,000 | 8 Sep 2016 |
£14,000 | 21 Sep 1998 |
Semi-Detached |
Freehold |
Floor Area: 74 sq meters or 796 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 September 2016 the House Price Index for DURHAM was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £32,000 results in an estimated price of approximately £42,508.
8 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.9 | 148.6 | 32.839 % | £32,000 | £10,508 | £42,508 |
The Postcode Pricing Model uses changes in average sales price within the SR8 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 | 9.562 % | £3,059 | £35,059 |
3 Month Average | 4.643 % | £1,485 | £33,485 |
6 Month Average | 18.919 % | £6,053 | £38,053 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £76,336 | £75,000 | 20 KENT WALK |
11 Jul 2023 | £50,682 | £50,000 | 6 JUDE PLACE |
16 Jun 2023 | £133,112 | £131,500 | 42 SHINWELL DRIVE |
11 Jan 2023 | £77,634 | £78,000 | 25 JUDE PLACE |
26 Aug 2022 | £124,664 | £125,000 | 16 SHINWELL DRIVE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 13 Jul 2016. Using an estimated price of £42,509 means this house is valued at £574 per sq meter (£53 per sq foot).
The average size of a house on BRUCE PLACE is 87 sq meters (942 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Jude Place |
Mar 2024 | Anti-social behaviour | On or near Bruce Place | |
Mar 2024 | Anti-social behaviour | On or near Bruce Place | |
Mar 2024 | Anti-social behaviour | On or near Bruce Place | |
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bruce Place |