£179,020
This estimated value is based upon the latest sale price for the house of £158,000 on 11 Dec 2020. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £158,000 | 11 Dec 2020 |
| £113,000 | 4 Dec 2015 |
| Terraced |
| Freehold |
| Floor Area: 137 sq meters or 1,474 sq feet |
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 2020 the House Price Index for COUNTY DURHAM was 129.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 13.304%.Applying this 13.304% change to the original purchase price of £158,000 results in an estimated price of approximately £179,020.
| 11 Dec 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 146.7 | 13.304 % | £158,000 | £21,020 | £179,020 |
The Postcode Pricing Model uses changes in average sales price within the DH3 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 | -35.154 % | £-55,543 | £102,456 |
| 3 Month Average | -25.866 % | £-40,868 | £117,131 |
| 6 Month Average | -26.701 % | £-42,187 | £115,812 |
This house has a floor area of 137 sq meters or 1,474 sq feet when measured on 25 Mar 2015.
The average size of a house on LUMLEY TERRACE is 120 sq meters (1,296 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Wear Street |
| Dec 2023 | Public order | Awaiting court outcome | On or near Wear Street |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Wear Street |
| Feb 2024 | Criminal damage and arson | Awaiting court outcome | On or near Weldon Terrace |