£364,741
This estimated value is based upon the latest sale price for the house of £277,500 on 24 Aug 2016. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £277,500 | 24 Aug 2016 |
| £285,000 | 26 May 2006 |
| Terraced |
| Freehold |
| Floor Area: 144 sq meters or 1,550 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 2016 the House Price Index for DURHAM was 111.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 31.438%.Applying this 31.438% change to the original purchase price of £277,500 results in an estimated price of approximately £364,741.
| 24 Aug 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 146.7 | 31.438 % | £277,500 | £87,241 | £364,741 |
The Postcode Pricing Model uses changes in average sales price within the DH1 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 | -8.616 % | £-23,910 | £253,589 |
| 3 Month Average | 14.071 % | £39,046 | £316,546 |
| 6 Month Average | 15.109 % | £41,926 | £319,426 |
This house has a floor area of 144 sq meters or 1,550 sq feet when measured on 21 Feb 2014.
The average size of a house on FARADAY COURT is 168 sq meters (1,818 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Faraday Court | |
| Feb 2024 | Anti-social behaviour | On or near Faraday Court | |
| Feb 2024 | Other theft | Under investigation | On or near Kirkwood Drive |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Kirkwood Drive |
| Feb 2024 | Anti-social behaviour | On or near Dalton Crescent |