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Estimated Market Value


This estimated value is based upon the latest sale price for the house of £112,995 on 2 Dec 2005. This value is then adjusted by the current Official House Price Index for DURHAM1

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Transactions for this house
Price PaidDate
£112,9952 Dec 2005
House Details

House Price Models

Land Registry House Price Index Model

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 2005 the House Price Index for DURHAM was 115.3.

The House Price Index as of 1 Jun 2019 is 111.4 which is a change of -3.400%.

Applying this -3.400% change to the original purchase price of £112,995 gives us an estimated price now of around £109,153.

2 Dec 2005 1 Jun 2019 % change Purchase Price Gain / Loss Estimated Price
115.3 111.4 -3.400 % £112,995 £-3,841 £109,153

The Postcode Pricing Model uses changes in average sales price within the DH6 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 -12.195 % £-13,779 £99,215
3 Month Average -5.067 % £-5,725 £107,269
6 Month Average -3.902 % £-4,409 £108,585

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In December 2005 the average sale price for the 50 nearest sales within four miles of 9 CHARLTON COURT was £115,395.

In October 2019 the average sale price for the 38 nearest sales was £103,784. This is a change of -10.062%.

So taking the original purchase price of £112,995 and adjusting it by -10.062% gives an estimated price of £101,625.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 2 Dec 2005 Average price on 31 Oct 2019 % change Purchase Price Gain / Loss Estimated Price
£115,395 £103,784 -10.062 % £112,995 £-11,369 £101,625
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
25 Apr 2019 £145,414 £140,000 24 OAKFIELD CRESCENT
22 Mar 2019 £139,675 £129,950 62 LAWSON ROAD
15 Feb 2019 £122,897 £115,000 11 OAKFIELD CRESCENT
11 Jan 2019 £84,897 £81,000 34 MILLFORD WAY
26 Oct 2018 £138,469 £138,000 12 OAKFIELD CRESCENT

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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