£89,629
This estimated value is based upon the latest sale price for the house of £52,000 on 22 Dec 2011. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £52,000 | 22 Dec 2011 |
| £25,500 | 29 Aug 2003 |
| Terraced |
| Freehold |
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 December 2011 the House Price Index for COUNTY DURHAM was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.365%.Applying this 72.365% change to the original purchase price of £52,000 results in an estimated price of approximately £89,629.
| 22 Dec 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 148.6 | 72.365 % | £52,000 | £37,629 | £89,629 |
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 | -27.890 % | £-14,502 | £37,497 |
| 3 Month Average | -14.584 % | £-7,583 | £44,416 |
| 6 Month Average | -11.375 % | £-5,915 | £46,084 |
| 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 |
| 3 Aug 2023 | £75,662 | £75,000 | 6 MORPETH STREET |
| 28 Apr 2023 | £93,507 | £92,500 | 58 NEWCASTLE AVENUE |
| 21 Feb 2023 | £74,950 | £75,000 | 4 ALNWICK STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Under investigation | On or near Alnwick Street |
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Alnwick Street |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Alnwick Street |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Alnwick Street |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Alnwick Street |