£35,875
This estimated value is based upon the latest sale price for the house of £28,000 on 5 Jun 2017. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £28,000 | 5 Jun 2017 |
| £16,000 | 27 Feb 2017 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 June 2017 the House Price Index for COUNTY DURHAM was 116.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.126%.Applying this 28.126% change to the original purchase price of £28,000 results in an estimated price of approximately £35,875.
| 5 Jun 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 148.6 | 28.126 % | £28,000 | £7,875 | £35,875 |
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 | 13.973 % | £3,912 | £31,912 |
| 3 Month Average | 13.885 % | £3,887 | £31,887 |
| 6 Month Average | 24.121 % | £6,753 | £34,753 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Aug 2023 | £38,335 | £38,000 | 43 FIFTH STREET |
| 17 Aug 2023 | £38,335 | £38,000 | 75 SIXTH STREET |
| 4 Aug 2023 | £29,256 | £29,000 | 99 SEVENTH STREET |
| 2 Aug 2023 | £33,291 | £33,000 | 80 SIXTH STREET |
| 2 Aug 2023 | £25,473 | £25,250 | 123 SEVENTH STREET |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 1 Dec 2016. Using an estimated price of £35,875 means this house is valued at £498 per sq meter (£46 per sq foot).
The average size of a house on FIFTH STREET is 75 sq meters (808 sq feet).