£461,461
This estimated value is based upon the latest sale price for the house of £375,000 on 29 Aug 2019. This value is then adjusted by the current Official House Price Index for DURHAM 1
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| Price Paid | Date |
|---|---|
| £375,000 | 29 Aug 2019 |
| £330,000 | 27 Sep 2004 |
| Detached |
| Freehold |
| Floor Area: 160 sq meters or 1,722 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 2019 the House Price Index for DURHAM was 120.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.056%.Applying this 23.056% change to the original purchase price of £375,000 results in an estimated price of approximately £461,461.
| 29 Aug 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 148.6 | 23.056 % | £375,000 | £86,461 | £461,461 |
The Postcode Pricing Model uses changes in average sales price within the DL12 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 | -8.021 % | £-30,079 | £344,920 |
| 3 Month Average | 31.982 % | £119,930 | £494,930 |
| 6 Month Average | 24.504 % | £91,891 | £466,891 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £111,653 | £110,000 | 17 GROVE PARK |
| 28 Apr 2023 | £63,180 | £62,500 | 29 GROVE PARK |
| 30 Nov 2022 | £70,150 | £71,000 | 35 GROVE PARK |
| 31 Aug 2022 | £82,279 | £82,500 | 14 GROVE PARK |
| 1 Aug 2022 | £454,776 | £456,000 | 1 JOHN STREET |
This house has a floor area of 160 sq meters or 1,722 sq feet when measured on 12 Apr 2019. Using an estimated price of £461,462 means this house is valued at £2,884 per sq meter (£267 per sq foot).
The average size of a house on VICTORIA ROAD is 106 sq meters (1,149 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Under investigation | On or near Galgate |
| Feb 2024 | Drugs | Under investigation | On or near Galgate |
| Jan 2024 | Criminal damage and arson | Awaiting court outcome | On or near Galgate |
| Jan 2024 | Criminal damage and arson | Awaiting court outcome | On or near Galgate |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Galgate |