£119,643
This estimated value is based upon the latest sale price for the house of £52,000 on 6 Aug 2003. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £52,000 | 6 Aug 2003 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 893 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 August 2003 the House Price Index for DURHAM was 64.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 130.083%.Applying this 130.083% change to the original purchase price of £52,000 results in an estimated price of approximately £119,643.
| 6 Aug 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.6 | 148.6 | 130.083 % | £52,000 | £67,643 | £119,643 |
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 | 2.471 % | £1,284 | £53,284 |
| 3 Month Average | 28.137 % | £14,631 | £66,631 |
| 6 Month Average | 58.689 % | £30,518 | £82,518 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jul 2023 | £78,050 | £77,000 | 41 CHESTER PLACE |
| 18 Nov 2022 | £172,906 | £175,000 | 111 WESTMORLAND RISE |
| 5 Aug 2022 | £66,820 | £67,000 | 55 LANCASTER HILL |
| 8 Jul 2022 | £66,178 | £66,000 | 127 WESTMORLAND RISE |
| 23 Jun 2022 | £86,218 | £85,000 | 96 WESTMORLAND RISE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 6 Feb 2014. Using an estimated price of £119,643 means this house is valued at £1,441 per sq meter (£133 per sq foot).
The average size of a house on LANCASTER HILL is 81 sq meters (882 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Chester Place | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Chester Place |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chester Place |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chester Place |
| Jan 2024 | Anti-social behaviour | On or near Chester Place |