£136,123
This estimated value is based upon the latest sale price for the house of £88,000 on 15 Feb 2008. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £88,000 | 15 Feb 2008 |
| £65,000 | 23 Feb 2007 |
| £62,500 | 24 May 2006 |
| £11,000 | 2 Feb 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 February 2008 the House Price Index for DURHAM was 94.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 54.686%.Applying this 54.686% change to the original purchase price of £88,000 results in an estimated price of approximately £136,123.
| 15 Feb 2008 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.8 | 146.7 | 54.686 % | £88,000 | £48,123 | £136,123 |
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 | -5.277 % | £-4,643 | £83,356 |
| 3 Month Average | -21.229 % | £-18,681 | £69,318 |
| 6 Month Average | -9.837 % | £-8,656 | £79,343 |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 14 Nov 2014.
The average size of a house on GRASMERE ROAD is 98 sq meters (1,060 sq feet).