£67,536
This estimated value is based upon the latest sale price for the house of £50,000 on 14 Mar 2016. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £50,000 | 14 Mar 2016 |
| £50,000 | 23 Nov 2012 |
| Terraced |
| Freehold |
| Floor Area: 48 sq meters or 516 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 2016 the House Price Index for COUNTY DURHAM was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £50,000 results in an estimated price of approximately £67,536.
| 14 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.6 | 35.074 % | £50,000 | £17,536 | £67,536 |
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 | 37.603 % | £18,801 | £68,801 |
| 3 Month Average | 23.416 % | £11,708 | £61,708 |
| 6 Month Average | 9.943 % | £4,971 | £54,971 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £81,425 | £80,000 | 56 NEWCASTLE AVENUE |
| 19 Dec 2023 | £89,058 | £87,500 | 9 NEWCASTLE AVENUE |
| 29 Nov 2023 | £96,427 | £94,999 | 7 SUNDERLAND AVENUE |
| 29 Nov 2023 | £78,157 | £77,000 | 22 NORTHUMBERLAND STREET |
| 17 Jul 2023 | £82,105 | £81,000 | 37 NORTHUMBERLAND STREET |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 4 May 2012. Using an estimated price of £67,537 means this house is valued at £1,407 per sq meter (£130 per sq foot).
The average size of a house on SUNDERLAND AVENUE is 68 sq meters (734 sq feet).
This house is the smallest in the street with a floor area of 48 sq meters (516 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sunderland Street |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Northumberland Street |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near Newcastle Avenue |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sunderland Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sunderland Road |