£58,222
This estimated value is based upon the latest sale price for the house of £26,000 on 31 Oct 2003. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £26,000 | 31 Oct 2003 |
| £17,000 | 18 Aug 1995 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 754 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 October 2003 the House Price Index for DURHAM was 66.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 123.933%.Applying this 123.933% change to the original purchase price of £26,000 results in an estimated price of approximately £58,222.
| 31 Oct 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 66.4 | 148.6 | 123.933 % | £26,000 | £32,222 | £58,222 |
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 | 34.995 % | £9,098 | £35,098 |
| 3 Month Average | 32.258 % | £8,387 | £34,387 |
| 6 Month Average | 57.314 % | £14,901 | £40,901 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2023 | £20,808 | £20,500 | 102 SEVENTH STREET |
| 17 Aug 2023 | £38,335 | £38,000 | 75 SIXTH STREET |
| 17 Aug 2023 | £38,335 | £38,000 | 43 FIFTH STREET |
| 2 Aug 2023 | £25,473 | £25,250 | 123 SEVENTH STREET |
| 2 Aug 2023 | £33,291 | £33,000 | 80 SIXTH STREET |
This house has a floor area of 70 sq meters or 754 sq feet when measured on 19 Oct 2010. Using an estimated price of £58,223 means this house is valued at £830 per sq meter (£77 per sq foot).
The average size of a house on SIXTH STREET is 76 sq meters (819 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Sixth Street | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sixth Street |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sixth Street |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sixth Street |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sixth Street |