£88,677
This estimated value is based upon the latest sale price for the house of £87,000 on 14 Dec 2023. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £87,000 | 14 Dec 2023 |
| £72,250 | 14 May 2008 |
| Terraced |
| Freehold |
| Floor Area: 46 sq meters or 495 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 December 2023 the House Price Index for DURHAM was 145.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.928%.Applying this 1.928% change to the original purchase price of £87,000 results in an estimated price of approximately £88,677.
| 14 Dec 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.2 | 148.0 | 1.928 % | £87,000 | £1,677 | £88,677 |
The Postcode Pricing Model uses changes in average sales price within the SR7 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 | -50.579 % | £-44,003 | £42,996 |
| 3 Month Average | -0.794 % | £-690 | £86,309 |
| 6 Month Average | 0.403 % | £350 | £87,350 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £67,227 | £67,000 | 5 DALTON AVENUE |
| 14 Dec 2023 | £88,678 | £87,000 | 53 HEXHAM AVENUE |
| 23 Jun 2023 | £110,899 | £110,000 | 34 KINGSTON AVENUE |
| 16 Jun 2023 | £78,134 | £77,500 | 57 GRANTHAM AVENUE |
| 24 Aug 2022 | £75,490 | £76,000 | 57 IVY AVENUE |
This house has a floor area of 46 sq meters or 495 sq feet when measured on 18 Feb 2020. Using an estimated price of £88,678 means this house is valued at £1,927 per sq meter (£179 per sq foot).
The average size of a house on HEXHAM AVENUE is 59 sq meters (645 sq feet).
This house is the smallest in the street with a floor area of 46 sq meters (495 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hexham Avenue |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Hexham Avenue |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hexham Avenue |
| Mar 2024 | Anti-social behaviour | On or near Exeter Avenue | |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Exeter Avenue |